'Dormant partner' definitions:
Definition of 'Dormant partner'
From: GCIDE
- Partner \Part"ner\ (p[aum]rt"n[~e]r), n. [For parcener, influenced by part.]
- 1. One who has a part in anything with an other; a partaker; an associate; a sharer. "Partner of his fortune." --Shak. Hence: (a) A husband or a wife. (b) Either one of a couple who dance together. (c) One who shares as a member of a partnership in the management, or in the gains and losses, of a business. [1913 Webster]
- My other self, the partner of my life. --Milton. [1913 Webster]
- 2. (Law) An associate in any business or occupation; a member of a partnership. See Partnership. [1913 Webster]
- 3. pl. (Naut.) A framework of heavy timber surrounding an opening in a deck, to strengthen it for the support of a mast, pump, capstan, or the like. [1913 Webster]
- Dormant partner, or Silent partner. See under Dormant, a. [1913 Webster]
- Syn: Associate; colleague; coadjutor; confederate; partaker; participator; companion; comrade; mate. [1913 Webster]
Definition of 'Dormant partner'
From: GCIDE
- Dormancy \Dor"man*cy\, n. [From Dormant.] The state of being dormant; quiescence; abeyance. [1913 Webster]
- It is by lying dormant a long time, or being . . . very rarely exercised, that arbitrary power steals upon a people. --Burke. [1913 Webster]
- 2. (Her.) In a sleeping posture; as, a lion dormant; -- distinguished from couchant. [1913 Webster]
- Dormant partner (Com.), a partner who takes no share in the active business of a company or partnership, but is entitled to a share of the profits, and subject to a share in losses; -- called also sleeping partner or {silent partner}.
- Dormant window (Arch.), a dormer window. See Dormer.
- Table dormant, a stationary table. [Obs.] --Chaucer. [1913 Webster]