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