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Sleeping partner

noun

Definitions

Noun
  1. 1
    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. Ireland, UK

    "Somewhat later, the Frenchman Charles Fourier was ridiculed for expecting day by day the sleeping-partner to turn up who would invest in his Phalanstère plan, which was based on ideas very similar to those sponsored by one of the greatest contemporary experts on finance."

  2. 2
    a partner (who usually provides capital) whose association with the enterprise is not public knowledge wordnet

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