Dictionary

partnership

noun part·ner·ship \-ˌship\

: the state of being partners

: a relationship between partners

: a business that is owned by partners

Full Definition of PARTNERSHIP

1
:  the state of being a partner :  participation
2
a :  a legal relation existing between two or more persons contractually associated as joint principals in a business
b :  the persons joined together in a partnership
3
:  a relationship resembling a legal partnership and usually involving close cooperation between parties having specified and joint rights and responsibilities
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First Known Use of PARTNERSHIP

1576
PARTNERSHIP Defined for Kids

partnership

noun part·ner·ship \ˈpärt-nər-ˌship\

Definition of PARTNERSHIP for Kids

:  an arrangement in which people engage in an activity or business with one another or share something with each other
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