commandite

noun com·man·dite \ ¦kämən¦dēt , kōⁿmäⁿdēt \

Definition of commandite

plural -s

civil law

: a form of partnership in which there are one or more silent partners who contribute funds but were liable originally only for the capital invested and later only according to a registered scheme of liability

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Origin and Etymology of commandite

French, from Italian accomandita, from feminine of accomandito, past participle of accomandare to deposit in safe custody, from ad- + (assumed) Vulgar Latin commandare to commend, command