Sleeping Partner
Defined in 2 dictionaries — Cyclopedic (1922), Black's (1910)
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
See "Partner."
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
A dormant partner ; one whose name does not appear ia the firm, and who takes no active part in the business, but who has an interest in the concern, and shares the profits, and thereby becomes a partner, either absolutely or as respects third persons.