0 a partner in a company who does not take an active part in its management, especially one who provides some of the money
1 → silent partner :
Morrow was the sleeping partner behind many of these successful ventures.
The sleeping partner is beginning to have nightmare.
He is only a sleeping partner in this concern.
It could not be a sleeping partner as defined for partnership purposes.
We may have to consider whether there will be a difference between an active partner, a sleeping partner and a partner with limited liability.
A sleeping partner can be brought in as a shareholder.
The only result is that it will be a sleeping partner with whatever concern it goes in with.
The only result is that it would go in as a sleeping partner with some oil companies, perhaps one or two or perhaps only one.
I do not think that is indicative of a sleeping partner.