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Partnership Definition, Examples & Usage Guide (2 meaning)

Meaning 1:business alliance (partnership)

partnership 🔊
/ˈpɑːrtnərʃɪp/
n.
A formal agreement between two or more people or groups to work together on a business project and share the benefits and responsibilities.
Business partnership handshake with contract document on table
business alliance 🔊
/ˈbɪznəs əˈlaɪəns/
n.
A partnership is a formal arrangement where two or more parties share ownership, profits, and losses in a business.
📁 Category:Social Economy 🔖 Level:Intermediate

📘 Details & Usage

📖 Root Explanation
From 'partner' (one who shares) + '-ship' (state, condition).
💡 Mnemonic
Partners in a ship together, sailing toward a common goal.
📖 Example
The local bakery formed a partnership with a coffee shop to offer combined breakfast deals. 🔊 The local bakery formed a partnership with a coffee shop to offer combined breakfast deals.
🔗 Collocations
business partnership – A formal commercial relationship between two or more entities.
general partnership – A partnership where all partners share management and liability.
limited partnership – A partnership with both general and limited partners, where limited partners have restricted liability.
🔄 Synonyms
collaboration (n.) – The act of working jointly on an activity or project.
alliance (n.) – A union or association formed for mutual benefit, especially between countries or organizations.
joint venture (n.) – A business arrangement where two or more parties pool resources for a specific project.
🚫 Antonyms
sole proprietorship (n.) – A business owned and operated by one person, bearing all risks and rewards.
solo venture (n.) – An undertaking carried out alone without partners.
🌱 Derivatives
partner (n.) – A person who takes part in a partnership.
partnered (adj.) – Being in a partnership arrangement.
partnering (n./adj.) – The act of forming a partnership.
📖 Cultural Story
Originating from Latin 'particeps' meaning 'participant', via Old French 'parcener'. Modern use heavily associated with legal and business agreements.

Meaning 2:close relationship (partnership)

partnership 🔊
/ˈpɑːrtnərʃɪp/
n.
A close, equal relationship between two people who work together or support each other, especially in life.
Close partnership cooking together in a warm home kitchen
close relationship 🔊
/kloʊs rɪˈleɪʃənʃɪp/
n.
A close, equal relationship between two people who work together or support each other, especially in life.
📁 Category:Social Roles 🔖 Level:Intermediate

📘 Details & Usage

📖 Example
Their long-term partnership is built on trust, shared goals, and a lot of laughter. 🔊 Their long-term partnership is built on trust, shared goals, and a lot of laughter.
🔗 Collocations
life partnership – A committed long-term relationship, often romantic or familial.
romantic partnership – A close romantic relationship between two individuals.
partnership in caring – A mutual relationship focused on providing support and care.
🔄 Synonyms
companionship (n.) – The feeling of fellowship or friendship.
alliance (n.) – A bond or connection between people based on shared interests.
union (n.) – The state of being joined together, typically in a relationship.
🚫 Antonyms
separation (n.) – The state of being apart or divided.
rivalry (n.) – Competition for the same objective or superiority.
🌱 Derivatives
partner (n.) – A person with whom one shares a close relationship.
partnered (adj.) – Involved in a close partnership.
partnering (n./adj.) – The act of forming a close relationship.
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