Question

A person who lends his name to partnership firm. Answer in a word / phrase / term.

Answer 1

Answer:

One word which can be used to substitute the given sentence, "A person who lends his name to partnership firm.", is called "nominal partner. "

Explanation:

This type of partnership is such that lends its name to other businesses. In this form of partnership the nominal partner does not make any type of contribution to the business. Neither in form of capital nor profits and losses.