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

A much smaller number of public schools have entire health centers on campus or next door, sometimes in partnership with local clinics; they offer medical and dental services along with mental health care.

From Los Angeles Times

Hopkinson, who previously served as president and chief operating officer at Madison Square Garden Sports and head of global partnerships at Real Madrid, wants to position Newcastle "among the world's elite".

From BBC

Swift worked with Borchetta on her first six albums until she wanted to buy her master recordings from the label, which led to the end of their partnership.

From Los Angeles Times

Project Coffee Cup has built partnerships with individuals who operate work programs in Santa Ana as well as local barbers, and also hosts paint parties for youths affected by homelessness.

From Los Angeles Times

He thinks the expansion of partnerships with the private sector and with other countries in the region might help mitigate the impacts.

From BBC

Related Words

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