quasi (adjective, qua-si, \ ˈkwɑːsi \) partner (noun, part-ner, \ ˈpɑːrtnər \)
Definition:
- a) a firm that joins another organization in an enterprise (owning assets, lands, goods, etc.) that visibly acts like a partnership, but isn’t one in reality. A quasi partnership may be established either in the form of a joint venture or a strategic alliance.
- b) is an individual who withdrew from actively participating in the company’s operations, but still has a substantial portion of his capital remaining in the firm.
- c) a company that is associated with another firm on the grounds of a long-term personal relationship including mutual confidence.
In a Sentence:
- Rumor has it that despite the joint venture created between DHL and FastGet, the former is just a quasi partner to the latter.
- Even though Michael White stepped down from his position as director, he remains a quasi partner at SoftDrive.
- The two companies never signed an official strategic alliance, but over the years it became obvious that they exist in a quasi partnership relation with each other.
Synonyms and related words: business partner, enterprise, joint venture, strategic alliance, limited partnership
