Partnership meaning

pärtnər-shĭp
Frequency:
A business that has two or more owners who agree to share profits and are liable for any debts or losses. The partnership agreement outlines how profits and losses are to be allocated. A partnership agreement may terminate upon the death or withdrawal of one member, or may include other arrangements in such situations, including allowing the remaining partner or partners to purchase the withdrawing partner’s share of the business.
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The state of being a partner.
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The state of being associated with a partner.
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The definition of a partnership is a relationship between two or more individuals.

An example of a partnership is two businesses working together.

An example of a partnership is a marriage.

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An association of two or more people to conduct a business,
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(cricket) The period when two specific batsmen are batting, from the fall of one wicket until the fall of the next; the number of runs scored during this period,
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A relationship between individuals or groups that is characterized by mutual cooperation and responsibility, as for the achievement of a specified goal.

Neighborhood groups formed a partnership to fight crime.

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The relationship of partners; joint interest; association.
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A voluntary joining of two or more persons to jointly carry on and profit from a single business. A partnership is presumed to exist if the persons have agreed to proportionally share the losses and profits from that enterprise.
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A partnership comprised of one or more people in charge of the business who are personally responsible for the debts of the partnership (known as general partners) and one or more people who provide capital and share in the profits but who do not manage the business and are responsible only for the amount of their contribution (known as limited partners).
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The state of being a partner; participation.
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Origin of partnership

  • From partner +"Ž -ship.

    From Wiktionary