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.

Which Synonym Should You Choose?

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Word Description / Examples
partnership

Often used in business or personal contexts to describe a relationship where two or more parties work together with shared goals and responsibilities. It implies a formal, often legal, agreement.

  • We formed a partnership to develop new software.
  • Their partnership has lasted for over a decade.
association

Typically used to describe a group or organization formed for a specific purpose, often related to industry, profession, or interest. It can also mean a loose connection between ideas or entities.

  • She joined a professional association to network with others in her field.
  • The association of the two events led to new discoveries.
collaboration

Used to describe a situation where people or organizations work together on a project or task, usually emphasizing the process of working together rather than the formal agreement.

  • Their collaboration on the research paper was very successful.
  • The band's latest album is a collaboration with several top producers.
alliance

Used to describe a relationship, usually between organizations or countries, where parties agree to cooperate for mutual benefit. Often implies a strategic and formal agreement.

  • The countries formed an alliance to address climate change.
  • Our companies entered into an alliance to improve supply chain efficiency.

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

Etymology

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.

Word Frequency Rank

At position #2,733, this word belongs to solid intermediate vocabulary. It's frequently used in both casual and formal contexts and is worth learning for better fluency.