co-partnership
61partnership — An association of two or more persons to carry on as co owners a business for profit. Uniform Partnership Act § 6. A combination, effected by two or more persons, of capital or personal services for the purpose of conducting a business for their… …
62partnership association — A business organization exclusively a creature of statute; a type of artificial person standing halfway between a limited partnership and a corporation. 40 Am J1st Partn § 518. An association in the form of a kind of partnership but departing… …
63Partnership in commendam — Commendam Com*men dam, n. [LL. dare in commendam to give into trust.] (Eng. Eccl. Law) A vacant living or benefice commended to a cleric (usually a bishop) who enjoyed the revenue until a pastor was provided. A living so held was said to be held… …
64partnership — noun Date: 1576 1. the state of being a partner ; participation 2. a. a legal relation existing between two or more persons contractually associated as joint principals in a business b. the persons joined together in a partnership 3. a… …
65Partnership for Peace — (PfP) A security partnership operated by the North Atlantic Treaty Organization (NATO), the Partnership for Peace aims to create military to military cooperation, trust, and good relations between the United States, Canada, Europe, and the… …
66partnership accounts — The accounts kept by a partnership They include an appropriation account in which the profit is shared between the partners in accordance with the partnership agreement This may be in the form of salaries, interest on capital, and a share of the… …
67partnership — An unincorporated business entity in which two or more individuals (known as partners) agree to share the *risks and *rewards of an activity. Unlike a *corporation, a partnership does not have a separate legal personality partners essentially act …
68partnership — /ˈpatnəʃɪp/ (say pahtnuhship) noun 1. the state or condition of being a partner; participation; association; joint interest. 2. Law a. the legal relationship of persons carrying on some business together with a view to profit (provided that they… …
69partnership agreement — / pɑ:tnəʃɪp əˌgri:mənt/ noun a document setting up a partnership, giving the details of the business and the amount each partner is contributing to it. Also called articles of partnership …
70partnership agreement — The document embodying the terms and conditions of a partnership and sometimes referred to as the articles of partnership …
