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commandite

noun
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com·​man·​dite | \ ¦kämən¦dēt, kōⁿmäⁿdēt \
plural -s

Definition of commandite

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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History and Etymology for 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

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“Commandite.” The Merriam-Webster.com Dictionary, Merriam-Webster Inc., https://www.merriam-webster.com/dictionary/commandite. Accessed 8 December 2019.

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