PARTNERSHIP - [noun] a company owned by two or more people (partners)
Examples of use
Partners of a partnership have greater liability for the possible losses than shareholders of a corporation.
We both ran our own business activity once, but we merged them last year and established the partnership - "Jackson & Ford".
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English speaking practise
Remember that if you don't use that word in English conversations or writing you'll forget it in a short time. So the best thing you can do to learn this word is just trying to use it in speaking or writing. Remember also that practise is the key to fluent english speaking.
You can always find a partner, who would also like to improve his/her