Silent partnership
Partnership Part"ner*ship, n. 1. The state or condition of being a partner; as, to be in partnership with another; to have partnership in the fortunes of a family or a state. [1913 Webster]

2. A division or sharing among partners; joint possession or interest. [1913 Webster]

Rome, that ne'er knew three lordly heads before, First fell by fatal partnership of power. --Rowe. [1913 Webster]

He does possession keep, And is too wise to hazard partnership. --Dryden. [1913 Webster]

3. An alliance or association of persons for the prosecution of an undertaking or a business on joint account; a company; a firm; a house; as, to form a partnership. [1913 Webster]

4. (Law) A contract between two or more competent persons for joining together their money, goods, labor, and skill, or any or all of them, under an understanding that there shall be a communion of profit between them, and for the purpose of carrying on a legal trade, business, or adventure. --Kent. --Story. [1913 Webster]

Note: Community of profit is absolutely essential to, though not necessarily the test of, a partnership. [1913 Webster]

5. (Arith.) See {Fellowship}, n., 6. [1913 Webster]

{Limited partnership}, a form of partnership in which the firm consists of one or more general partners, jointly and severally responsible as ordinary partners, and one or more special partners, who are not liable for the debts of the partnership beyond the amount of cash they contribute as capital.

{Partnership in commendam}, the title given to the limited partnership (F. soci['e]t['e] en commandit['e]) of the French law, introduced into the code of Louisiana. --Burrill.

{Silent partnership}, the relation of partnership sustained by a person who furnishes capital only. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • Partnership — Part ner*ship, n. 1. The state or condition of being a partner; as, to be in partnership with another; to have partnership in the fortunes of a family or a state. [1913 Webster] 2. A division or sharing among partners; joint possession or… …   The Collaborative International Dictionary of English

  • Partnership in commendam — Partnership Part ner*ship, n. 1. The state or condition of being a partner; as, to be in partnership with another; to have partnership in the fortunes of a family or a state. [1913 Webster] 2. A division or sharing among partners; joint… …   The Collaborative International Dictionary of English

  • silent partner — see partner Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. silent partner n …   Law dictionary

  • partnership — part·ner·ship n: an association of two or more persons or entities that conduct a business for profit as co owners see also uniform partnership act in the important laws section compare corporation, joint venture, sole pro …   Law dictionary

  • Silent Möbius — Volume 12 of the VIZ Media release, portraying the entire AMP. サイレントメビウス (Sairento Mebiusu) …   Wikipedia

  • Silent partner — may refer to: *An anonymous member of a business partnership, or one uninvolved in management * The Silent Partner , the name of several films *Silent partner (climbing), a piece of climbing equipment * Silent Partner (book), by Dina Matos… …   Wikipedia

  • Partnership — For the cricket term, see Partnership (cricket). A partnership is an arrangement where parties agree to cooperate to advance their mutual interests.[1] Since humans are social beings, partnerships between individuals, businesses, interest based… …   Wikipedia

  • silent partner —    A nonlegal term for an investor in a business who takes no part in its management and is often unknown to customers or competitors. If the business is a limited partnership, each limited partner is prohibited from taking part in management and …   Business law dictionary

  • Partnership (Australia) — In Australia, summarising s. 5 of the Partnership Act 1958 (Vic) (hereinafter the Act ), for a partnership to exist, four main criteria must be satisfied. They are: * Valid Agreement between the parties; * To carry on a business this is defined… …   Wikipedia

  • Silent partner — Partner Part ner (p[aum]rt n[ e]r), n. [For parcener, influenced by part.] 1. One who has a part in anything with an other; a partaker; an associate; a sharer. Partner of his fortune. Shak. Hence: (a) A husband or a wife. (b) Either one of a… …   The Collaborative International Dictionary of English

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