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silent partner definition - legal

n

An investor in a business who takes a share of the profits, but who plays no active role in the day-by-day activity of that business. It is not unusual for a silent partnerÂ’s name to be kept off the public record.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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