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Definition of Partnership
1. Noun. The members of a business venture created by contract.
Generic synonyms: Business, Business Concern, Business Organisation, Business Organization, Concern
Member holonyms: Partner
Derivative terms: Partner, Partner
2. Noun. A cooperative relationship between people or groups who agree to share responsibility for achieving some specific goal. "The action teams worked in partnership with the government"
3. Noun. A contract between two or more persons who agree to pool talent and money and share profits or losses.
Definition of Partnership
1. n. 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.
Definition of Partnership
1. [n -S]
Medical Definition of Partnership
1.
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. "Rome, that ne'er knew three lordly heads before, First fell by fatal partnership of power." (Rowe) "He does possession keep, And is too wise to hazard partnership." (Dryden)
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. A contract between two or more competent persons for joining together their money, goods, labour, 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.
Community of profit is absolutely essential to, though not necessary the test of, a partnership.
5.
Lexicographical Neighbors of Partnership
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