sleeping partner en · NOUN
Meanings
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(Ireland, UK) 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.
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.
1957 [1944], Karl Polanyi, chapter 9, in The Great Transformation, Beacon Press: Boston, page 108:
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| sleeping partners | Number=Plur | lexicographic | |
| sleeping-partner | alternative | lexicographic |
Synonyms
Translations (7)
ms rakan kongsi lelap (a business partner who is not involved in the day-to-day business, but puts up capital) · id mitra persero takkerja (a business partner who is not involved in the day-to-day business, but puts up capital) · hu csendestárs (a business partner who is not involved in the day-to-day business, but puts up capital) · ms pekongsi tidur (a business partner who is not involved in the day-to-day business, but puts up capital) · de stiller Teilhaber (a business partner who is not involved in the day-to-day business, but puts up capital) · de stiller Gesellschafter (a business partner who is not involved in the day-to-day business, but puts up capital) · sv passiv delägare (a business partner who is not involved in the day-to-day business, but puts up capital)