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Saturday - November 18, 2017

In my view, the Christian religion is the most important and one of the first things in which all children, under a free government ought to be instructed... No truth is more evident to my mind than that the Christian religion must be the basis of any government intended to secure the rights and privileges of a free people.
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1828 Noah Webster Dictionary
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1828.mshaffer.comWord [partnership]

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partnership

P`ARTNERSHIP, n. The association of two or more persons for the purpose of undertaking and prosecuting any business, particularly trade or manufactures, at their joint expense. In this case, the connection is formed by contract; each partner furnishing a part of the capital stock and being entitled to a proportional share of profit, or subject to a proportional share of loss; or one or more of the partners may furnish money or stock, and the other or others contribute their services. The duration of the partnership may be limited by the contract, or it may be left indefinite,subject to be dissolved by mutual agreement. A partnership or association of this kind is a standing or permanent company, and is denominated a firm or house. We say, A and B entered into partnership for the importation and sale of goods, or for manufacturing cotton or glass.

Partnerships may be and usually are associations of private persons, not incorporated. In other cases, the company is incorporated. Banking companies in the United States are usually incorporated, and are essentially partnerships,but do not bear that name. Manufacturing companies are also frequently incorporated.

1. Joint interest or property.



Evolution (or devolution) of this word [partnership]

1828 Webster1844 Webster1913 Webster

P`ARTNERSHIP, n. The association of two or more persons for the purpose of undertaking and prosecuting any business, particularly trade or manufactures, at their joint expense. In this case, the connection is formed by contract; each partner furnishing a part of the capital stock and being entitled to a proportional share of profit, or subject to a proportional share of loss; or one or more of the partners may furnish money or stock, and the other or others contribute their services. The duration of the partnership may be limited by the contract, or it may be left indefinite,subject to be dissolved by mutual agreement. A partnership or association of this kind is a standing or permanent company, and is denominated a firm or house. We say, A and B entered into partnership for the importation and sale of goods, or for manufacturing cotton or glass.

Partnerships may be and usually are associations of private persons, not incorporated. In other cases, the company is incorporated. Banking companies in the United States are usually incorporated, and are essentially partnerships,but do not bear that name. Manufacturing companies are also frequently incorporated.

1. Joint interest or property.

PART'NER-SHIP, n.

  1. The association of two or more persons for the purpose of undertaking and prosecuting any business, particularly trade or manufactures, at their joint expense. In this case, the connection is formed by contract; each partner furnishing a part of the capital stock and being entitled to a proportional share of profit, or subject to a proportional share of loss; or one or more of the partners may furnish money or stock, and the other or others contribute their services. The duration of the partnership may be limited by the contract, or it may be left indefinite, subject to be dissolved by mutual agreement A partnership or association of this kind is a standing or permanent company, and is denominated a firm or house. We say A. and B. entered into partnership for the importation and sale of goods, or for manufacturing cotton or glass. Partnerships may be and usually are associations of private persons, not incorporated. In other cases, the company is incorporated. Banking companies in the United Slates are usually incorporated, and are essentially partnerships, but do not bear that name. Manufacturing companies are also frequently incorporated.
  2. Joint interest or property. – Dryden.

Part"ner*ship
  1. The state or condition of being a partner; as, to be in partnership with another; to have partnership in the fortunes of a family or a state.
  2. A division or sharing among partners; joint possession or interest.

    Rome, that ne'er knew three lordly heads before,
    First fell by fatal partnership of power.
    Rowe.

    He does possession keep,
    And is too wise to hazard partnership.
    Dryden.

  3. An alliance or association of persons for the prosecution of an undertaking or a business on joint account; a company; a firm; a house; as, to form a partnership.
  4. A contract between two or more competent persons for joining together their money, goods, labor, and skill, or any or all of them, under an understanding that there shall be a communion of profit between them, and for the purpose of carrying on a legal trade, business, or adventure.

    Kent. Story.

    * Community of profit is absolutely essential to, though not necessary the test of, a partnership.

  5. See Fellowship, n., 6.

    Limited partnership, a form of partnership in which the firm consists of one or more general partners, jointly and severally responsible as ordinary partners, and one or more special partners, who are not liable for the debts of the partnership beyond the amount of cash they contribute as capital. -- Partnership in commendam, the title given to the limited partnership (F. société en commandité) of the French law, introduced into the code of Louisiana. Burrill. -- Silent partnership, the relation of partnership sustained by a person who furnishes capital only.

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Partnership

P'ARTNERSHIP, noun The association of two or more persons for the purpose of undertaking and prosecuting any business, particularly trade or manufactures, at their joint expense. In this case, the connection is formed by contract; each partner furnishing a part of the capital stock and being entitled to a proportional share of profit, or subject to a proportional share of loss; or one or more of the partners may furnish money or stock, and the other or others contribute their services. The duration of the partnership may be limited by the contract, or it may be left indefinite, subject to be dissolved by mutual agreement. A partnership or association of this kind is a standing or permanent company, and is denominated a firm or house. We say, A and B entered into partnership for the importation and sale of goods, or for manufacturing cotton or glass.

Partnerships may be and usually are associations of private persons, not incorporated. In other cases, the company is incorporated. Banking companies in the United States are usually incorporated, and are essentially partnerships, but do not bear that name. Manufacturing companies are also frequently incorporated.

1. Joint interest or property.

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Word of the Day

importance

IMPORT'ANCE, n.

1. Weight; consequence; a bearing on some interest; that quality of any thing by which it may affect a measure, interest or result. The education of youth is of great importance to a free government. A religious education is of infinite importance to every human being.

2. Weight or consequence in the scale of being.

Thy own importance know.

Nor bound thy narrow views to things below.

3. Weight or consequence in self-estimation.

He believes himself a man of importance.

4. Thing implied; matter; subject; importunity. [In these senses, obsolete.]

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ARCHMAGI'CIAN, n. The chief magician.

Noah's 1828 Dictionary

First dictionary of the American Language!

Noah Webster, the Father of American Christian education, wrote the first American dictionary and established a system of rules to govern spelling, grammar, and reading. This master linguist understood the power of words, their definitions, and the need for precise word usage in communication to maintain independence. Webster used the Bible as the foundation for his definitions.

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1828 Noah Webster Dictionary

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