subpartnership

English

Etymology

sub- +‎ partnership

Noun

subpartnership (countable and uncountable, plural subpartnerships)

  1. (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.
  • subpartner
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