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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.

partnership British  
/ 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

  2. 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
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.

Other Word Forms

  • prepartnership noun

Etymology

Origin of partnership

First recorded in 1570–80; partner + -ship

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Later in his life, Geisel said of this partnership: "I was surprised to see him alive. He was surprised to see me in any form."

From BBC

"This is why we have decided to finalise a comprehensive economic partnership soon," he added, saying it "will open new opportunities to invest and create jobs in both countries".

From Barron's

Carney said Canada was well positioned to contribute to energy-hungry India's nuclear fuel needs and added that the two countries were launching a strategic energy partnership.

From BBC

Aston Martin are at the beginning of their new works partnership with Honda, so maybe a few teething problems were to be expected.

From BBC

Bycoff, who owns the stock, wants to hear more about Fiddelke’s merchandising strategies—such as more partnerships with brands like Levi’s—that could help the company differentiate itself from competitors.

From Barron's

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.