Because they are actively involved, an active partner is still exposed to unlimited liability as opposed to a silent partner whose liability is only their initial investment. In this arrangement, even innocent active partners can be held responsible if another partner commits illegal actions that involve the firm.
Investment dictionary. Academic. 2012.
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active partner — ➔ partner1 * * * active partner UK US noun [C] (also working partner) ► WORKPLACE a senior person who owns a company with other people and does practical work relating to running the company → Compare SILENT PARTNER( … Financial and business terms
active partner — A partner who has contributed to the business capital of a partnership and who participates in its management. All partners are deemed to be active partners unless otherwise agreed. Compare sleeping partner … Big dictionary of business and management
active partner — /ˌæktɪv pɑ:tnə/ noun a partner who works in a company that is a partnership … Dictionary of banking and finance
Active — may mean:* Active lifestyle * Active volcano * Sky Active, Sky s Interactive Service * Active grammatical voice * Active component, in electronics * The active partner in a sexual activity * An active in a fraternity or sorority * ACTIVE Active… … Wikipedia
partner — Business associate who shares equity in a firm. Bloomberg Financial Dictionary * * * ▪ I. partner part‧ner 1 [ˈpɑːtnə ǁ ˈpɑːrtnər] noun [countable] 1. COMMERCE a company that works with another company in a particular activity, or invests in the… … Financial and business terms
partner — part·ner n: one of two or more persons associated as joint principals in carrying on a business for the purpose of enjoying a joint profit: a member of a partnership; specif: a partner in a law firm dormant partner: silent partner in this entry… … Law dictionary
partner — n. 1) an active; full; junior; senior partner 2) a silent (AE), sleeping (BE) partner 3) (boxing) a sparring partner 4) (misc.) a partner in (partners in crime) * * * [ pɑːtnə] full junior senior partner sleeping (BE) partner (box … Combinatory dictionary
active — /ˈæktɪv / (say aktiv) adjective 1. in a state of action; in actual progress or motion: active hostilities. 2. constantly engaged in action; busy: an active toddler. 3. having the power of quick motion; nimble: an active animal. 4. highly involved … Australian English dictionary
partner — A member of partnership or firm; one who has united with others to form a partnership in business. See also general partner partnership. @ dormant partners Those whose names are not known or do not appear as partners, but who nevertheless are… … Black's law dictionary
partner — noun 1 in a marriage/relationship ADJECTIVE ▪ former, one time ▪ dominant ▪ She was the dominant partner in the relationship. ▪ female, male … Collocations dictionary