This website uses cookies to ensure you get the best experience on our website. Learn more
Meaning Of Partnership
n.
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.
n.
A division or sharing among partners; joint possession
or interest.
n.
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.
n.
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.