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

Explanation

What do Lewis and Clark, Bonnie and Clyde, and Ben and Jerry have in common? They all formed partnerships — cooperative relationships where they worked as a team to reach a goal, whether it was robbing banks or inventing Cherry Garcia. It’s easy to spot partner hidden inside partnership. That should clue you in to the fact the word is all about the deal sealed between two or more people, groups, or even countries that agree to throw their lot in together to achieve something both want. A partnership can be a legal business relationship sealed by a contract or a casual handshake-driven agreement between friends. A marriage is a partnership. So is a corporate merger.

Example Sentences

Research has now been funded by Health and Care Research Wales to work with marginalised communities in Wales to improve access to support, in a project called Pelvic Power Partnership.

From BBC • May 13, 2026

Bexley SHIELD, the borough's Safeguarding Partnership for Children and Young People, said all of the review's "appropriate recommendations" had been implemented and "continue to be refreshed and promoted across agencies".

From BBC • May 11, 2026

Pro-business groups such as the Partnership for New York City have warned that the new tax could backfire.

From Barron's • May 7, 2026

“They didn’t need the money” as much back then, said Kathy Wylde, who previously ran the Partnership for New York City and was involved in negotiations around those earlier proposals.

From The Wall Street Journal • Apr. 16, 2026

Some are taken into this iniquitous Partnership for their dexterity in securing the dice; or in dealing cards at Faro.—Informers are apprehended and imprisoned upon writs, obtained, by perjury, to deter others from similar attacks.

From A Treatise on the Police of the Metropolis Containing a Detail of the Various Crimes and Misdemeanors by which Public and Private Property and Security are, at Present, Injured and Endangered: and Suggesting Remedies for their Prevention by Colquhoun, Patrick

Related Words

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