private partnership
noun[C]
ukusFINANCE
atypeofcompanyororganizationthat isownedby asmallgroupofpeople, withoutsharestradedon astockmarket:
Thebigaccountingfirmsareprivatepartnerships, andthereforeit'sdifficultto getspecificinformationbeyond what theychoosetoprovide.
There arelimitsto thenumberofpartnerswho canworkinprivatepartnership.
We are aprivatepartnershipspecializingininvestmentincommercialproperty.
See also
public-private partnership