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

When Kontigo struck a partnership with another financial firm it worked with in the U.S.,

From The Wall Street Journal

Polymarket, which is still rolling out access in the U.S., has a data partnership with Dow Jones, the publisher of The Wall Street Journal.

From The Wall Street Journal

The Wall Street Journal, citing unnamed sources, said some people inside Nvidia had expressed doubts about the deal and that the two sides were rethinking the partnership.

From Barron's

The leaders of UK and Japan said they had discussed their "joint values" and set out plans to strengthen trade and security ties, including boosting defence and partnerships across the Indo-Pacific region.

From BBC

AI has also made strides in being able to read and pull the right data from Schedule K-1s, which are issued by partnerships to report an owner’s share of profits and losses.

From Barron's

Related Words

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