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sleeping partner

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Idioms, Wikipedia, Hutchinson 0.01 sec.
sleeping partner
a partner in a business who does not play an active role, esp one who supplies capital


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Now it appeared to him (Pumblechook) that if that capital were got into the business, through a sleeping partner, sir - which sleeping partner would have nothing to do but walk in, by self or deputy, whenever he pleased, and examine the books - and walk in twice a year and take his profits away in his pocket, to the tune of fifty per cent.
The same day I was placed in a shop in Broadway, belonging to a firm of which I now understood the colonel was a sleeping partner.
Lastly, he was a charming fellow and showed that he was not lacking in intelligence, for, as soon as he made up his mind to be a sleeping partner in the Opera, he selected the best possible active manager and went straight to Firmin Richard.
 
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