TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

SILENT PARTNER [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2002-10-23

English

Subject field(s)
  • Commercial and Other Bodies (Law)
  • Corporate Economics
DEF

A partner of a firm who takes no active part in its operations. Nevertheless he will still share in the profits of the business and be liable for its debts. [Klein, Gerald. Dictionary of Banking. Pitman Publishing, 1995].

CONT

Silent partners are sometimes used to spread business profits among different members of a family in order to minimize income tax liability.

French

Domaine(s)
  • Organismes commerciaux ou non (Droit)
  • Économie de l'entreprise
DEF

Associé qui ne participe pas activement aux affaires de la société.

Spanish

Campo(s) temático(s)
  • Organismos comerciales y otros (Derecho)
  • Economía empresarial
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