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Copartnership   Listen
Copartnership

noun
1.
A partnership in which employees get a share of the profits in addition to their wages.





WordNet 3.0 © 2010 Princeton University


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"Copartnership" Quotes from Famous Books



... Marshall, in a letter dated January 28, 1856, and addressed to Charles E. Pickett, gave the following account of the gold discovery: "Toward the end of August, 1847, Captain Sutter and I formed a copartnership to build and run a sawmill upon a site selected by myself (since known as Coloma). We employed P.L. Weimer and family to remove from the Fort (Sutter's Fort) to the mill-site, to cook and labor for us. Nearly the first work done was the building of a double ...
— The Great Events by Famous Historians, Vol. 17 • Charles Francis Horne
... course, for with the margin of fifty per cent or thereabouts necessitated by the temporary value of the improvements, good years could hardly fail to bring good returns. This, it will be remembered, was a stock company. With the profits from that business the two men embarked on a separate copartnership. They made money at this, too, but the burden of debt necessitated by new ventures, constantly weighted by the heavy interest demanded at that time, kept affairs on the ...
— The Riverman • Stewart Edward White


Words linked to "Copartnership" :   partnership, copartner


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