partnership

Definitions

General English

Accounting

Construction

  • The joining of two or more individuals for a business purpose whereby profits and liabilities are shared.

Cricket

  • noun a period during which two batsmen are batting together, measured in terms of the number of runs that are scored while they are at the wicket, and lasting either until one of them is dismissed or – in the case of an ‘unbroken’ partnership – until their side’s innings ends while both of them are still in; a partnership is ‘enumerated’ with reference to the wicket that falls when the partnership ends, so that a ‘sixth wicket partnership’ is one that begins after the fall of the fifth wicket
    Citation ‘Greenidge and Haynes … have shared in seven century partnerships, three of which have passed the 200’ (Derek Lodge, WCM May 1984)
    Citation ‘The outstanding partnership in West Indies first-class cricket was made by Worrell and Walcott. This was the 574 for the fourth wicket for Barbados … in 1946’ (B C Pires, Obituary for Sir Clyde Walcott, Guardian 28 August 2006)
  • noun a pair of batsmen, especially opening batsmen, who regularly bat together
    Citation ‘In the end, a great opening partnership is like a mutual support system in which each element is conscious that they are part of a whole and where the whole is greater than the sum of its parts’ (Manley 1988)

Forex

  • A group of people who each agree to participate in the gains and losses of a commercial venture. A forex investment partnership structure might be used to pool funds designated for forex trading purposes.

Information & Library Science

  • noun a relationship in which people or organisations work together with equal status

Law

  • noun a company set up by two or more people who put money into the business and share the financial risks and profits

Marketing

  • noun a business set up by two or more people who make a contract with each other agreeing to share the profits and losses
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