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Definition of Sleeping partner
1. Noun. A partner (who usually provides capital) whose association with the enterprise is not public knowledge.
Definition of Sleeping partner
1. Noun. (U.K.) a business partner who doesn't play an active role in running the day-to-day operations of a business, who instead, finances the business in the form of capital investment ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Sleeping Partner
Literary usage of Sleeping partner
Below you will find example usage of this term as found in modern and/or classical literature:
1. Principles of Economics by Alfred Marshall (1895)
"The sleeping partner is sometimes the ruler of the State, sometimes he is an
individual who inherits what was once the duty of collecting the payments due ..."
2. Ten Years of My Life by Agnes zu Salm-Salm (1877)
"... letter to Juarez—Politeness of Escobedo—Preparing to go to San Luis—Consul
Bahnsen's fear justified—His sleeping partner—Another audience with Juarez—My ..."
3. Martin's Practice of Conveyancing: With Forms of Assurances by Charles Davidson (1844)
"ARTICLES of COPARTNERSHIP between Four ACTIVE Partners and ONE SLEEPING Partner.
THIS INDENTURE, made &c., BETWEEN AB, of &c., of the first part; CD, ..."
4. A Treatise on the Law of Stock-brokers and Stock-exchanges by John Randolph Dos Passos (1905)
"A sleeping partner interested who, in defiance of the terms of his contract,
attempts to override the same, cannot thereafter be introduced or admitted ..."
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