[ pahrt-ner-ship ]
/ ˈpɑrt nərˌʃɪp /


the state or condition of being a partner; participation; association; joint interest.
  1. the relation subsisting between partners.
  2. the contract creating this relation.
  3. an association of persons joined as partners in business.

Origin of partnership

First recorded in 1570–80; partner + -ship

OTHER WORDS FROM partnership

pre·part·ner·ship, noun

Example sentences from the Web for partnership

British Dictionary definitions for partnership

/ (ˈpɑːtnəʃɪp) /


  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
the state or condition of being a partner

Cultural definitions for partnership


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.