An individual who is a business co-owner but has limited personal liability and has no involvement in management of the business. This is different from a general partnership. These individuals can often be considered silent investors.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser