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partnership

[pahrt-ner-ship] /ˈpɑrt nərˌʃɪp/
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.
Origin of partnership
1570-1580
First recorded in 1570-80; partner + -ship
Related forms
prepartnership, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2017.
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Examples from the Web for partnership
Contemporary Examples
Historical Examples
  • After his admission to the bar, Mr. Chipman received him into partnership.

    Biographical Sketches Nathaniel Hawthorne
  • What about the thirty thousand dollars you got on that partnership swindle?

    Within the Law Marvin Dana
  • We formed a partnership, with a capital of sixty thousand dollars.

    Within the Law Marvin Dana
  • A partner has the right to draw out any, or all, of the partnership funds.

    Within the Law Marvin Dana
  • She had taken Anna into business with her, but the burden of the partnership had always been on Harriet.

    K Mary Roberts Rinehart
British Dictionary definitions for partnership

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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for partnership
n.

1570s, from partner (n.) + -ship. In the commercial sense from c.1700.

Online Etymology Dictionary, © 2010 Douglas Harper
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partnership in Culture

partnership definition


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.

The New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word Value for partnership

18
20
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