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

• prepartnership noun

Word History and Origins

Origin of partnership¹

First recorded in 1570–80; partner + -ship

Example Sentences

So while he was open to a partnership with Shyamalan, Sparks was skeptical it would get off the ground.

Read more on Los Angeles Times

And 97% of them have sustained some level of damage from the war, according to the Global Education Cluster, a partnership of UN agencies and NGOs.

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Its expansion from a weekend to a weeklong event this year, notes Bridget Lawlor, preservation director for Pasadena Heritage, allows for more institutional partnerships.

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Beijing said Mr Powell had "expressed Britain's willingness to enhance dialogue and communication with China to build a stable, practical and long-term partnership".

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Other Welsh universities have a range of international partnerships.

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Related Words

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