Definition: is a partner who has a greater level of involvement in a company’s management (along with authority, responsibilities, benefits, and risks that come with it) than the junior partners and has an equal amount of power as other senior partners. Traditionally, individuals that hold the position of a senior partner are responsible for performing policy-making or legislative functions, but can also carry out judiciary functions and operate as a court of appeals in situations when a director or another partner wants to protest an executive decision made by the board.
In a Sentence:
My meeting with the senior partner didn’t go well, as he attacked me with an angry tirade after he found out that the deal with Lean-H fell through.
Being a senior partner at Comfex feels really gratifying since now I have enough power to modernize the firm’s policies.
My enthusiasm about being promoted to the position of junior partner didn’t last for long, as soon enough a senior partner began to boss me around and undermine most of my decisions.
Synonyms and related words: general partnership, junior partner, general partner, nominal partner