partnership

American  

[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.

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partnership British  

/ 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

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partnership Cultural  

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.

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Other Word Forms

• prepartnership noun

Etymology

Origin of partnership

First recorded in 1570–80; partner + -ship

Example Sentences

The new partnership with HavocAI could add more work in Philadelphia.

From The Wall Street Journal

Polymarket has a data partnership with Dow Jones, the publisher of The Wall Street Journal.

From The Wall Street Journal

Through the partnership, Goldman Sachs was trying to expand more into consumer lending.

From MarketWatch

Through the partnership, Goldman Sachs was trying to expand more into consumer lending.

From MarketWatch

If logistics or access negotiations and partnerships, such as Japan’s with the Philippines or Australia’s with Indonesia, start to slow or stall, preparedness gaps might be forming.

From Barron's

Related Words

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