sponsorship
Pronunciation: [ˈspɒnsərʃɪp]
Context: "business"
(noun) a type of support for an event, activity, or organization, usually with money. Companies often do this because they want to promote their brand or product.
Example
The festival received sponsorship from several local businesses, helping it to grow bigger this year.
Example
Without sponsorship, the sports team struggled to pay for their uniforms and equipment.
Example
Which companies are providing sponsorship for the concert?
Context: "charity"
(noun) an arrangement where someone helps another person, often a child, to pay for basic needs or education. This person often gives money regularly to help out.
Example
She signed up for sponsorship to help a child in need get an education.
Example
He decided against sponsorship because he couldn't afford to help anyone right now.
Example
How does the sponsorship program work for helping children?
Context: "sports"
(noun) a special agreement where a company pays money to support a sports team or athlete. This helps the team buy equipment and pay for travel.
Example
The team celebrated after securing a new sponsorship deal with a famous brand.
Example
The athlete lost their sponsorship when they didn't perform well in competitions.
Example
Who is the main sponsor for the upcoming marathon?