Definition: is a business partner, whose level of responsibility, involvement, and authority is less than of the senior partners. The rights and the level of authority of a junior partner are oftentimes established by a junior partnership agreement. In the majority of cases, it states that a junior partner doesn’t have the same right as a superior partner when it comes to management and the overall control of the business; doesn’t invest as much capital as the senior partners do; and doesn’t obtain the same amount of profits as the senior partners do.
In a Sentence:
Mr. Lee decided to take a day off and delegated today’s tasks to his junior partner, Mr. Stevens. You can get these papers signed by him.
If you are feeling overwhelmed with work and don’t have enough time to keep your business operating efficiently, perhaps it is time to take on a junior partner.
By sharing the responsibilities with my junior partners, I’ve managed to perform better and to deal with the more important, pressing issues.
Synonyms and related words: senior partner, general partner, primary partner, superior partner, subordinate, junior partnership agreement