Definition, Meaning & Synonyms

sleeping-partner

noun

/ˈsliːpɪŋˌpɑːrtənər/

Definition

A partner in a business who does not take an active role in managing the operations but invests capital.

Examples

She is a sleeping partner in the restaurant, financing the venture while allowing others to handle the management.
As a sleeping partner, he benefits from profits without being involved in daily operations.

Meaning

A sleeping partner is an individual who provides financial backing to a business without participating in day-to-day management or decision-making processes.