Sleeping Partner (Noun)
Meaning
A partner (who usually provides capital) whose association with the enterprise is not public knowledge.
Classification
Nouns denoting people.
Examples
- The company's sleeping partner was a wealthy investor who preferred to remain anonymous.
- As a sleeping partner, she provided the necessary funding for the startup but had no involvement in its day-to-day operations.
- The entrepreneur was able to secure a sleeping partner who contributed a significant amount of capital to the project.
- The company's sleeping partner was a well-known businessman who didn't want his involvement to be publicly disclosed.
- The venture capitalist acted as a sleeping partner, providing financial support to the company without taking an active role in its management.