private partnership Meaning in the Cambridge English Dictionary
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Meaning of “private partnership” in the English Dictionary

"private partnership" in Business English

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private partnershipnoun [C]

uk   us  
FINANCE a ​type of ​company or ​organization that is ​owned by a ​smallgroup of ​people, without ​sharestraded on a ​stockmarket: The ​bigaccountingfirms are ​privatepartnerships, and therefore it's difficult to get ​specificinformation beyond what they choose to ​provide. There are ​limits to the ​number of ​partners who can ​work in ​privatepartnership. We are a ​privatepartnershipspecializing in ​investment in ​commercialproperty.
(Definition of private partnership from the Cambridge Business English Dictionary © Cambridge University Press)
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