partnership

[ pahrt-ner-ship ]
/ ˈpɑrt nərˌʃɪp /

noun

the state or condition of being a partner; participation; association; joint interest.
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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Origin of partnership

First recorded in 1570–80; partner + -ship

OTHER WORDS FROM partnership

pre·part·ner·ship, noun
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

Example sentences from the Web for partnership

British Dictionary definitions for partnership

partnership
/ (ˈpɑːtnəʃɪp) /

noun

  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
the state or condition of being a partner
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Cultural definitions for partnership

partnership

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.

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.