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

Chief Executive Alex Miller said the company is driving traffic with meal deals, exclusive vendor partnerships and seasonal Fuel Day events.

Read more on The Wall Street Journal

The order calls for partnerships with private companies, universities and national laboratories, while mandating strict cybersecurity measures to protect sensitive research.

Read more on Barron's

Still, Lick and others concede that the mere mention of an Amazon partnership generally elicits reactions, both from the companies that benefit and the ones that appear to be in the way.

Read more on MarketWatch

Its aircraft will be fully autonomous, eliminating the possibility of human error, said Dan Dalton, Wisk’s vice president of global partnerships.

Read more on Los Angeles Times

Marriott said it pulled the plug on the partnership because Sonder defaulted on the terms, and that it had reached out to affected customers to “assist with refunds and alternative accommodations.”

Read more on The Wall Street Journal

Related Words

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