subpartnership
nounEtymology From sub- + partnership.
1
Law An arrangement whereby a partner of a partnership agrees to share profits and losses with a nonpartner without thereby forming a partnership.
- As shown elsewhere herein, the subpartnership is no part of, and is not included within, the primary partnership.1930, Scott Rowley, “Risk Evasion Through Subpartnership”, in Columbia Law Review, volume 30, number 5, Columbia Law Review Association, Inc., page 674:
- Related terms
- subpartner