maatschap

Dutch

Alternative forms

• maetschap (obsolete)

Etymology

From Middle Dutch maetscap. Equivalent to maat (“partner”) +‎ -schap (“-ship”).

Pronunciation

• IPA^(key): /ˈmaːt.sxɑp/

• Audio

  (file)

• Hyphenation: maat‧schap

Noun

maatschap f (plural maatschappen, diminutive maatschapje n)

1. (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]‎^[1], 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

• maatschappelijk
• maatschappij
• ondermaatschap
• openbare maatschap
• stille maatschap

 

Descendants

• → Polish: maszop