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Partnership   /pˈɑrtnərʃˌɪp/   Listen
noun
Partnership  n.  
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." "He does possession keep, And is too wise to hazard partnership."
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.
(Law) A contract between two or more competent persons for joining together their money, goods, labor, 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. Note: Community of profit is absolutely essential to, though not necessarily the test of, a partnership.
5.
(Arith.) See Fellowship, n., 6.
Limited partnership, a form of partnership in which the firm consists of one or more general partners, jointly and severally responsible as ordinary partners, and one or more special partners, who are not liable for the debts of the partnership beyond the amount of cash they contribute as capital.
Partnership in commendam, the title given to the limited partnership (F. société en commandité) of the French law, introduced into the code of Louisiana.
Silent partnership, the relation of partnership sustained by a person who furnishes capital only.






Collaborative International Dictionary of English 0.48








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"Partnership" Quotes from Famous Books



... of the divine testimony, on which I desire to throw out a few hints, is in I John i. 3. "And truly our fellowship is with the Father, and with his Son Jesus Christ." Observe!, The words "fellowship," "communion," "coparticipation," and "partnership," mean the same. 2, The believer in the Lord Jesus does not only obtain forgiveness of all his sins (as he does through the shedding of the blood of Jesus, by faith in His name;) does not only become a righteous one before God (through the righteousness ...
— A Narrative of some of the Lord's Dealings with George Mueller - Written by Himself, Third Part • George Mueller

... that man and the general powers of the universe are in partnership. Some one was saying that it had cost nearly half a million to move the Leviathan only so far as they had got it already.—Why,—said the Professor,—they might have hired an ...
— Atlantic Monthly, Vol. 1, No. 4, February, 1858 • Various

... County neighbour, at that time making his brilliant and bitter attack as "Aristides" upon the Clintons and the Livingstons. A year later, in 1803, Van Buren celebrated his twenty-first birthday by forming a partnership in Kinderhook with a half-brother, James J. Van Alen, already established in the practice. In 1808, he became surrogate; and when the Legislature convened in November, 1812, he took a seat in the Senate, the ...
— A Political History of the State of New York, Volumes 1-3 • DeAlva Stanwood Alexander

... system of servitude. The latter party was led by Sir Thomas Smith, who had been treasurer ever since 1607, Sir Edwin Sandys, the earl of Southampton, Sir John Danvers, and John and Nicholas Ferrar.[2] Of the two, the country party was more numerous, and when the joint stock partnership expired, November 30, 1616, they appointed Captain Samuel Argall, a kinsman of Treasurer Smith, to be deputy governor of Virginia, with instructions to give every settler his own private dividend of fifty acres and to permit him to visit ...
— England in America, 1580-1652 • Lyon Gardiner Tyler

... and settle down with on the strength of his luck. And I'd like to know what Kitty Carter, when she's Mrs. Barker, would say to her husband being signaled for from Asia or Africa. I don't seem to see her tumbling to any password. And when he and she go into a new partnership, I reckon she'll ...
— The Three Partners • Bret Harte


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