subpartnership
English edit
Etymology edit
sub- + partnership
Noun edit
subpartnership (countable and uncountable, plural subpartnerships)
- (law) An arrangement whereby a partner of a partnership agrees to share profits and losses with a nonpartner without thereby forming a partnership.
- 1930, Scott Rowley, “Risk Evasion Through Subpartnership”, in Columbia Law Review, volume 30, number 5, Columbia Law Review Association, Inc., page 674:
- As shown elsewhere herein, the subpartnership is no part of, and is not included within, the primary partnership.