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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. Noun. the state of being associated with a partner ¹
2. Noun. an association of two or more people to conduct a business ¹
3. Noun. (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 ¹
¹ Source: wiktionary.com
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
Literary usage of Partnership
Below you will find example usage of this term as found in modern and/or classical literature:
1. The Encyclopedia Americana: A Library of Universal Knowledge (1919)
"In entering into a contract of partnership all the general rules ... In many
jurisdictions it is held that a partnership, the object of which is to own or ..."
2. South Eastern Reporter by West Virginia Supreme Court of Appeals, West Publishing Company, South Carolina Supreme Court (1919)
"The Issue raised by the pleadings was partnership or no partnership, ...
The evidence rejected was entirely admissible to show actual partnership, ..."
3. The Law of Contracts by Samuel Williston, Clarence Martin Lewis (1922)
"In case of the dissolution of said partnership for any cause other than the death of
... partnership Agreement—Miscellaneous Provisions of Special Nature ..."
4. The Encyclopaedia Britannica: A Dictionary of Arts, Sciences, Literature and (1911)
"partnership property must be applied exclusively for partnership purposes and in
accordance with the partnership agreement. ..."
5. United States Statutes at Large: Containing the Laws and Concurrent by United States (1868)
"And be it further enacted, That the business of the partnership every such
partnership which shall in any manner be carried on after any such alteration ..."
6. United States Supreme Court Reports by Lawyers Co-operative Publishing Company, United States Supreme Court (1912)
"The partnership is a distinct thing from the partners themselves, ... If it is
not so, the rule that sets apart the property of a partnership exclusively, ..."
7. Commentaries on American Law by James Kent, William M. Lacy (1889)
"heen acquired with partnership stock, and a title taken in the name of the
surviving partner, and a claimant under the deceased partner was held entitled in ..."
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