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Meaning of partnership

part•ner•ship

Pronunciation: (pärt'nur-ship"), [key]
— n.
  1. the state or condition of being a partner; participation; association; joint interest.
    1. the relation subsisting between partners.
    2. the contract creating this relation.
    3. an association of persons joined as partners in business.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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