Definition of general partnership: a business partnership featuring two or more partners in which each partner is liable for any debts taken on by the. Definition of partnership policing - a method of policing in which a police force works together with the local community to reduce crime. Definition of partnership in the audioenglishorg dictionary meaning of partnership what does partnership mean proper usage and pronunciation (in phonetic transcription) of the word partnership.
A partnership differs from a joint venture, which involves more than one investor for only a specific short-term project and prompt division of profits partnerships are traditionally the most fragile of business arrangements and are often dissolved and subject to disputes. Definition of partnership - the state of being a partner or partners, an association of two or more people as partners. Define partnership accounting partnership accounting synonyms, partnership accounting pronunciation, partnership accounting translation. Partnership - wordreference english dictionary, questions, discussion and forums all free.
A partnership is a formal arrangement in which two or more parties cooperate to manage and operate a business. Definition of partnership by estoppel: a legal, binding partnership that may occur where previously, no formal partnership agreement was in place a person who exhibits such conduct, or says words which represent, or allow him to be represented, as a partner in any firm becomes liable to any loans or credits that are obtained by the firm. Define partnership partnership synonyms, partnership pronunciation, partnership translation, english dictionary definition of partnership n 1. A partnership can be defined as a collaborative relationship between organizations the purpose of this relationship is to work toward shared goals through a division of labor that all parties agree on.
A partnership is organized to provide for proportional ownership of a company among the partners based on some type of formula or value of investment in the company partnerships pass along the profit (and losses) to its owners and offer tax advantages to the company. Looking for online definition of partnership practice in the medical dictionary partnership practice explanation free what is partnership practice.
Looking for definition of partnership partnership explanation define partnership by webster's dictionary, wordnet lexical database, dictionary of computing, legal dictionary, medical dictionary, dream dictionary. A business structure in which two or more persons share in the ownership and profits and losses of the business there are three main types of partnerships in general partnerships, two or more partners, jointly and severally, share all profits and losses, management authority, and risk for the business. Definition of partnership: a type of unincorporated business organization in which multiple individuals, called general partners, manage the business.
Partnership definition: 1 the state of being a partner2 a company that is owned by two or more people: learn more. Partnering definition, a person who shares or is associated with another in some action or endeavor sharer associate see more.
Some words and concepts are so overused that we take their true meaning for granted partnership is one of the most important aspects of success so. Definition of partnership: a voluntary contract between two or more competent persons to place their money, effects, labor, and skill, or some or all of them, in lawful commerce or business, with the understanding that there shall be a proportional sharing of the profits and losses between them. Partnership definition: partnership or a partnership is a relationship in which two or more people, organizations | meaning, pronunciation, translations and examples.Download