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 Olds did more than build Nurse-Family Partnership; he did the rigorous evaluation to prove it would work.

From The Daily Beast

Consider Nurse-Family Partnership, one of the best examples of evidence in action.

From The Daily Beast

This information prompted me to begin working on a new partnership that had just been launched at the Clinton Global Initiative.

From The Daily Beast

Proper planning, partnership, intercultural dialogue, and a lot of faith brought us to this moment.

From The Daily Beast

TPA would allow Obama to conclude negotiations on a major trade deal, the Trans-Pacific Partnership (TPP).

From The Daily Beast

Thus the highest court in New York declared that an unincorporated lodge, which had been mis-managed, was not a partnership.

From Project Gutenberg

The liability of the shareholders of a corporation is very unlike that of members of a partnership.

From Project Gutenberg

And on the death of a partner the surviving partner has the right to represent the partnership and vote on its stock.

From Project Gutenberg

Though a member of a partnership, as we have seen, is an agent, he cannot make valid lease of partnership land.

From Project Gutenberg

From her point of view Jacob Worse was well worth capturing, especially since he had entered into partnership with Garman.

From Project Gutenberg

Related Words

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