partnership
71partnership accounts — The accounts kept by a partnership. They include an appropriation account in which the profit of a partnership is shared between the partners in accordance with the partnership agreement. This may be in the form of salaries, interest on capital,… …
72partnership 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… …
73Partnership 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… …
74Partnership 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… …
75partnership 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… …
76partnership 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 …
77partnership agreement — The document embodying the terms and conditions of a partnership and sometimes referred to as the articles of partnership …
78partnership certificate — A document evidencing the participation of the partners in a partnership and commonly furnished to financial institutions when the partnership borrows money …
79partnership assets — All assets of a partnership applicable to the payment of the partnership debts, under the well defined principles for the administration of the affairs of insolvent partnerships under the direction of a court of equity. Thayer v Humphrey, 91 Wis… …
80partnership goodwill — The advantage which the partnership business has from its establishment or from the patronage of its customers, over and above the mere value of its property and capital. It rests in the probability that the old customers of the partnership will… …
