partnership
part
ˈpɑ:t
paat
ner
ship
ˌʃɪp
ship

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
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 

Grammatical Information
Animacy status
Abstract
Composition
Compound
Countable
Plural form
partnerships
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 

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