junior (adjective, ju-nior, /ˈdʒuːnjər) partner (noun, part-ner, /ˈpɑːrtnər/)
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