Partnership

Definition of Partnership

Part´ner`ship
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.
- Rowe.
He does possession keep,
And is too wise to hazard partnership.
- Dryden.
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.
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.
- Burrill.

Related Words

Aktiengesellschaft, Bund, Rochdale cooperative, affiliation, aktiebolag, alignment, alliance, amalgamation, assemblage, association, axis, band, bloc, body, body corporate, business, business establishment, cahoots, cartel, chamber of commerce, coadunation, coalescence, coalition, cochairmanship, colleagueship, college, collegialism, collegiality, combination, combine, commercial enterprise, common market, community, compagnie, companionship, company, complicity, comradeship, concern, condominium, confederacy, confederation, confraternity, conglomerate, conglomerate corporation, conjunction, connection, consociation, consolidating company, consolidation, consortium, consortship, consumer cooperative, contribution, cooperative, cooperative society, copartnership, copartnery, corporate body, corporation, corps, cotenancy, council, credit union, customs union, diversified corporation, economic community, engagement, enterprise, federation, fellowship, firm, fraternalism, fraternity, fraternization, free trade area, freemasonry, fusion, gang, group, grouping, having a part, holding company, hookup, house, inclusion, incorporation, industry, integration, involvement, joint chairmanship, joint control, joint ownership, joint tenancy, joint-stock association, joint-stock company, league, machine, merger, mob, operating company, partaking, participation, plunderbund, political machine, pool, public utility, ring, sharing, society, sodality, sorority, stock company, suffrage, syndicate, tie-in, tie-up, togetherness, trade association, trust, unification, union, utility, voting
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Parting pulley
Parting sand
Parting strip
Parting tool
Partisan
Partisan ranger
Partisanship
Partita
Partite
Partition
Partition of numbers
partitioned
partitioning
partitionist
Partitionment
Partitive
Partitively
Partlet
Partly
Partner
-Partnership-
Partnership in commendam
Partook
Partridge
Partridge berry
Partridge dove
Partridge pea
Partridge shell
Partridge wood
parts
partsong
Parture
Parturiate
Parturiency
Parturient
Parturifacient
Parturious
Parturition
Parturitive
Party
Party appellant
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