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Definition of Partnership
Part´ner`ship | n. | 1. | The state or condition of being a partner; as, to be in partnership with another; to have partnership in the fortunes of a family or a state. | | 2. | A division or sharing among partners; joint possession or interest. | | 3. | An alliance or association of persons for the prosecution of an undertaking or a business on joint account; a company; a firm; a house; as, to form a partnership. | | 4. | (Law) A contract between two or more competent persons for joining together their money, goods, labor, and skill, or any or all of them, under an understanding that there shall be a communion of profit between them, and for the purpose of carrying on a legal trade, business, or adventure. | | 5. | (Arith.) See Fellowship, n., 6. |
Related Words
Aktiengesellschaft, Bund, Rochdale cooperative, affiliation, aktiebolag, alignment, alliance, amalgamation, assemblage, association, axis, band, bloc, body, body corporate, business, business establishment, cahoots, cartel, chamber of commerce, coadunation, coalescence, coalition, cochairmanship, colleagueship, college, collegialism, collegiality, combination, combine, commercial enterprise, common market, community, compagnie, companionship, company, complicity, comradeship, concern, condominium, confederacy, confederation, confraternity, conglomerate, conglomerate corporation, conjunction, connection, consociation, consolidating company, consolidation, consortium, consortship, consumer cooperative, contribution, cooperative, cooperative society, copartnership, copartnery, corporate body, corporation, corps, cotenancy, council, credit union, customs union, diversified corporation, economic community, engagement, enterprise, federation, fellowship, firm, fraternalism, fraternity, fraternization, free trade area, freemasonry, fusion, gang, group, grouping, having a part, holding company, hookup, house, inclusion, incorporation, industry, integration, involvement, joint chairmanship, joint control, joint ownership, joint tenancy, joint-stock association, joint-stock company, league, machine, merger, mob, operating company, partaking, participation, plunderbund, political machine, pool, public utility, ring, sharing, society, sodality, sorority, stock company, suffrage, syndicate, tie-in, tie-up, togetherness, trade association, trust, unification, union, utility, voting
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