partnership
part
ˈpɑrt
paart
ner
nɜr
nēr
ship
ˌʃɪp
ship
British pronunciation
/pˈɑːtnəʃˌɪp/

Definition & Meaning of "partnership"in English

Partnership
01

a formal arrangement where two or more individuals, organizations, etc. come together as partners to achieve a goal, typically in business

partnership definition and meaning
example
Examples
The new venture was formed through a strategic partnership between two leading companies in the industry.
02

the state or fact of being partners in a business

example
Examples
Their successful partnership was built on trust, mutual respect, and a shared vision for innovation.
03

a specific type of business entity where ownership is shared by two or more individuals or organizations

example
Examples
The Smith and Sons Partnership specializes in architectural design and construction.
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