partnership

[ pahrt-ner-ship ]

noun

1. the state or condition of being a partner; participation; association; joint interest.
2. Law.
   1. the relation subsisting between partners.
   2. the contract creating this relation.
   3. an association of persons joined as partners in business.

partnership

/ ˈpɑːtnəʃɪp /

noun

1. 1. a contractual relationship between two or more persons carrying on a joint business venture with a view to profit, each incurring liability for losses and the right to share in the profits
   2. the deed creating such a relationship
   3. the persons associated in such a relationship
2. the state or condition of being a partner

partnership

1. An association of two or more persons to conduct a business. In contrast to a corporation , those who engage in a partnership are liable for debts incurred by the company to the full extent of their private fortunes rather than merely to the extent of their investment .

Other Words From

• pre·partner·ship noun

Word History and Origins

Origin of partnership¹

First recorded in 1570–80; partner + -ship

Example Sentences

“Elon Musk is wealthy, but he’s not wealthy enough to completely fund humans to Mars. It needs to be a public, private partnership, because of the tens of billions of dollars that this would cost, or even hundreds of billions dollars,” said Laura Forczyk, executive director of space industry consulting firm Astralytical.

From Los Angeles Times

The event featuring the Paul-Tyson fight, taking place at AT&T Stadium in Arlington, Texas, is a partnership between Netflix and Most Valuable Promotions, a company that Paul co-founded.

From Los Angeles Times

Meanwhile, the Waitangi Tribunal, which was set up in 1975 to investigate alleged breaches of the Treaty of Waitangi, notes the bill "purposefully excluded any consultation with Māori, breaching the principle of partnership, the Crown’s good-faith obligations, and the Crown’s duty to actively protect Māori rights and interests".

From BBC

She is a child and adolescent psychiatrist at the King’s Maudsley Partnership for Children and Young People.

From BBC

Working in government “begins with this idea that you’re a steward of the public’s good,” said Max Stier, CEO of the Partnership for Public Service, a nonpartisan organization that advises the government.

From Los Angeles Times

Related Words

• assistance
• association
• business
• company
• cooperation
• cooperative
• corporation
• firm
• friendship
• interest
• organization
• ownership
• sharing
• society
• tie up
• union