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English definition of “sponsor”

sponsor

verb [T] uk   /ˈspɒn.sər/ us    /ˈspɑːn.sɚ/
B2 to support a person, organization, or activity by giving money, encouragement, or other help: The team is sponsored by JVC, so the players wear the letters JVC on their shirts. Eva said she was doing a ten-mile walk for charity and asked if I'd sponsor her for £1 a mile.
sponsor
noun [C] uk   us  
B2 All the major theatres now have sponsors, especially for high-cost productions.
sponsorship
noun [U] uk   /-ʃɪp/ us  
C1 The orchestra receives £2 million a year in sponsorship from companies.
(Definition of sponsor from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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