Partnership (noun) Definition, Meaning & Examples

noun
  1. the state or condition of being a partner; participation; association; joint interest.
  2. Law.
    • the relation subsisting between partners.
    • the contract creating this relation.
    • an association of persons joined as partners in business.
noun
    • 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
    • the deed creating such a relationship
    • the persons associated in such a relationship
  1. the state or condition of being a partner
Partnership (noun) Definition, Meaning & Examples

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