Crossword Genius

Silent shareholder out East for example (8,7)

Ross

I believe the answer is:

sleeping partner

'silent shareholder' is the definition.
(financial term)

'out east for example' is the wordplay.
'out' becomes 'sleeping' (out can mean asleep or unconscious).
'east for example' becomes 'partner' (East and West are partners in the card game bridge).
'sleeping'+'partner'='SLEEPING PARTNER'

(Other definitions for sleeping partner that I've seen before include "silent in company?" , "A capital provider" , "One not known" , "Inactive business associate" .)

I've seen this clue in The Telegraph.
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