partnership

n. association, collaboration, participation

A partnership is a type of business entity in which partners share with each other the profits or losses of the business undertaking in which all have invested.
See more at Wikipedia.org...

Noun
1. the members of a business venture created by contract
(hypernym) business, concern, business concern, business organization, business organisation
(hyponym) copartnership
(member-meronym) partner
2. a contract between two or more persons who agree to pool talent and money and share profits or losses
(hypernym) contract

n. partnership, association, collaboration

(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.)
See Fellowship, n., 6.
  

(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 division or sharing among partners; joint possession or interest.
  

(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.