Definition of Partnership:
A type of business organization in which two or more individuals pool money, skills, and other resources, and share profit and loss in accordance with terms of the partnership agreement. In absence of such agreement, a partnership is assumed to exit where the participants in an enterprise agree to share the associated risks and rewards proportionately .
The state of being a partner or partners.
Synonyms of Partnership
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
How to use Partnership in a sentence?
- It was only logical for George and Nate to develop a partnership in their laundry business because both were passionate about the laundry industry and only had enough money to launch their business when they pooled each of theirs together.
- The partnership between the two men was going along smoothly they had just pooled the money between the two of them and paid the deposit for the building that would house their second store.
- We should go on working together in partnership.
- There had been some rough spots along the way but all in all, the entrepreneurs enjoyed their business partnership and looked forward to many more successful years together.
Meaning of Partnership & Partnership Definition