Definition: is a business partner, whose membership and association with an organization or a firm is not revealed to the general public. Unlike a silent partner, who makes contributions (mainly funds) to the business but doesn’t participate in daily operations and doesn’t really have a say in them, a secret partner is engaged in the business and its operations while keeping the public unaware of his or her association with the business. There are many reasons for a secret partnership. The most prevalent one involves a partner’s failure in the previous business and the desire to prevent his or her reputation from ruining the current one.
In a Sentence:
I decided to become his secret partner. I will start with supplying the necessary funds, and we will see how it goes.
Do you remember the firm, in which Mr. Johnson was a secret partner? Turns out, it was forced into bankruptcy a couple of months ago.
The limited partnership will not allow you to act as a secret partner. Such partnership type requires the terms to be published, which means your name will definitely be known by the public.
Synonyms and related words: silent partner, business membership, partnership, business partner