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 Word Forms

• pre·partner·ship noun

Word History and Origins

Origin of partnership¹

First recorded in 1570–80; partner + -ship

Example Sentences

“Sinners” is a culmination of their unique creative partnership, a deeply personal celebration of their shared love of music and of each others’ families.

From Los Angeles Times

The leader stated the council had "to be undertaking a full job evaluation process" and it was "doing this in partnership with the trade unions using a nationally recognised job evaluation methodology".

From BBC

"These concerns highlight broader tensions surrounding Starlink's operations across Africa, particularly the growing demand for local partnerships," it added.

From BBC

Canada, for its part, has offered to work with US companies on joint mining partnerships.

From BBC

Trump praised Bukele for a new partnership under which the US can deport people it alleges are gang members to the Central American nation.

From BBC

Related Words

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