maatschap
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Dutch
Alternative forms
Etymology
From Middle Dutch maetscap. Equivalent to maat (“partner”) + -schap (“-ship”).
Pronunciation
Noun
maatschap f (plural maatschappen, diminutive maatschapje n)
- (law) partnership, venture (a legal partnership of two or more natural or legal persons for the purpose of sharing costs and distributing jointly generated profits, mainly entered into by certain self-employed professions, such as doctors, dentists, lawyers, and accountants, in which the partners may be held individually and privately liable in case of debts)
- 1667, Hugo de Groot, Inleiding tot de Hollandsche rechtsgeleerdheid [Introduction to Hollandish jurisprudence], Middelburg: Pieter Gillissen, page 607:
- Maatschap, of vennootschap is een overkominge van twee of meerder lieden, om door gemeenſchap van goederen of dienst gemeene baat te trekken.
- Maatschap or vennootschap is an agreement between two or more people to benefit from commonality of goods or services.
Derived terms
Descendants
- → Polish: maszop