Partnership

Partnership

The cooperative relationship between two or more people who are involved in the same activity.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: History
Category: World history
Educational Institution: New York State Board of Regents
Product: Regents Exams
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Related terms

partnership

Business services; Marketing

A form of business where two or more persons conduct a business together, sharing both profits and losses.

partnership

Economy; Economics

A business owned by two or more individuals, who share the profits and are jointly liable for any losses.

partnership

Financial services; Private equity

A form of conducting business in which the parties carry on their business for their joint benefit.

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It's an affiliation of two or more people who agree to share in the profits and losses of a business venture. There are different types of partnerships: general partnerships, ...

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