🔤 Admission Of Partner ✨
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📖
URDU
🅰️
Roman Urdu:
naye sharaakat-dar ka dakhla, partner ka shamil hona
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ENGLISH
📚noun
admission of partner
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PRONUNCIATION
Standard: /ədˈmɪʃən ɒv ˈpɑːrtnər/
Phonetic: /ud mish un ov part nur/
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DEFINITION
the introduction of a new partner into an existing partnership firm, requiring mutual consent and modification of the deed
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EXAMPLE SENTENCES
The admission of a partner required revaluation of the firm's assets.
All existing members signed the deed regarding the admission of partner.
Goodwill was recalculated upon the admission of a new partner into the firm.
The partnership agreement outlines specific terms for the admission of partner.
Financial liabilities were shared equally after the admission of partner.
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SYNONYMS
partner inclusion partner onboarding business expansion
⚡
ANTONYMS
retirement of partner partner expulsion
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