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

The location will host a contingent of Qatari F-15s and pilots to enhance our combined training, increase lethality, interoperability, it's just another example of our partnership.

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Over the next dozen years, as Paxton was re-elected to the state House and then the Texas Senate, he disclosed owning interests in more partnerships and private companies in annual ethics filings.

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Dow Jones, publisher of the Journal, has a content partnership with Spotify.

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The Danish company has traditionally operated a partnership model that sees it license drug candidates to partners who help develop and commercialize the treatments.

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OpenAI said the partnerships will focus on boosting the supply of advanced memory chips as well as the expansion of data centers.

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Related Words

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