Partnership: meaning, definitions and examples

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partnership

 

[ ˈpɑːrtnərʃɪp ]

Noun
Context #1 | Noun

business

A partnership is a business structure in which two or more individuals manage and operate a company in accordance with the terms and objectives set out in a Partnership Deed. Each partner shares the organization's profits and losses, as well as the risks and responsibilities associated with the business.

Synonyms

alliance, association, collaboration

Examples of usage

  • John and Sarah entered into a partnership to start their own consulting firm.
  • The partnership agreement outlined the roles and responsibilities of each partner.

Translations

Translations of the word "partnership" in other languages:

🇵🇹 parceria

🇮🇳 साझेदारी

🇩🇪 Partnerschaft

🇮🇩 kemitraan

🇺🇦 партнерство

🇵🇱 partnerstwo

🇯🇵 パートナーシップ

🇫🇷 partenariat

🇪🇸 asociación

🇹🇷 ortaklık

🇰🇷 파트너십

🇸🇦 شراكة

🇨🇿 partnerství

🇸🇰 partnerstvo

🇨🇳 伙伴关系

🇸🇮 partnerstvo

🇮🇸 samstarf

🇰🇿 серіктестік

🇬🇪 პარტნიორობა

🇦🇿 əməkdaşlıq

🇲🇽 asociación

Word origin

The term 'partnership' dates back to the 16th century, derived from the Middle English word 'partener', which comes from the Old French word 'partenariat'. The concept of partnership in business has been a fundamental structure for collaboration and joint ventures throughout history, allowing individuals to combine resources and expertise for mutual benefit.

See also: partners.