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

But Newsom assured critics that the partnership targeted drug traffickers and suppliers, not people experiencing substance abuse.

From Los Angeles Times

She used boxing terminology to describe her professional partnership with Jenkins on the film.

From Los Angeles Times

Bawumia said he initiated a partnership between Ghana's government and US-based company Zipline, which led to the creation of the world's largest vaccine delivery network.

From BBC

Following a days-long investigation in partnership with the Johnson County Sheriff’s Office, Lawrence police on April 10 released a statement saying, “There is no indication of foul play in the death of Cole Brings Plenty.”

From Los Angeles Times

Hugh Grant, who starred in “Four Weddings,” “Notting Hill” and “Love Actually,” introduced Curtis, using his dry wit to recall the beginning of their creative partnership in “Four Weddings.”

From Los Angeles Times

Related Words

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