- subpartnership
- n. subordinate partnership created within a larger union
English contemporary dictionary. 2014.
subpartnership
Look at other dictionaries:
subpartnership — A so called partnership formed between a member of a partnership and a third person for a division of the profits coming to him from the partnership enterprise, by an agreement of such a character as to disclose the essentials necessary to a… … Ballentine's law dictionary
partnership — A business owned by two or more persons that is not organized as a corporation. 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,… … Black's law dictionary
