Partnership

Definition

Partnership is an arrangement in which two or more individuals, groups, or entities collaborate and share responsibilities, benefits, and risks in a business or specific endeavor.

Parts of Speech

• Noun

Pronunciation

American English

• IPA Pronunciation: /ˈpɑrtnərʃɪp/
• Respelling: PART-ner-ship (with "PART" as in "part," "ner" as in "nerd," and "ship" as in "ship")

British English

• IPA Pronunciation: /ˈpɑːtnəʃɪp/
• Respelling: PAHT-ner-ship (with "PAHT" as in "father," "ner" as in "nerd," and "ship" as in "ship")

In both dialects, "partnership" places the primary stress on the first syllable, "PART" in American English and "PAHT" in British English. The pronunciation reflects typical regional variations in vowel sounds and pronunciation style between American and British English, focusing on the clear articulation of the components "ner" and "ship."

Etymology

The term "partnership" originates from the Middle English word "partnerschipe". It combines "partner", from Old French "partenor", and "-ship", denoting a state or condition, from Old English "sċiepe".

Derivatives

• Partner
• Partnered
• Partnering
• Partners
• Partnery

Synonyms

• Alliance
• Collaboration
• Association

Antonyms

• Rivalry
• Opposition
• Disassociation

Usage

"Partnership" often denotes a formal or informal agreement between two or more parties to work together towards common objectives. This term can be used in various contexts, including business, education, and community programs. The emphasis is on joint responsibility and mutual benefits.

Related Terms

• Joint venture
• Collaboration
• Consortium
• Coalition
• Affiliation

Detailed Definition

Noun

• An arrangement where parties, known as partners, agree to cooperate for mutual benefits.
• Example: "The two companies entered into a partnership to expand their market reach."

• A legal form of business operation between two or more entities who share management and profits.
• Example: "Their law firm is a partnership, and they share the revenues equally."

• A relationship between two or more people, groups, or organizations.
• Example: "The partnership between the school and the community has resulted in many successful programs."