sponsorship
UK: ˈspɒnsəʃɪp | US: ˈspɑːnsərʃɪp
n. the act or fact of sponsoring or being sponsored
n. financial or material support provided by a sponsor
n. the position or status of being a sponsor
The word sponsorship combines sponsor, derived from the Latin spondere (meaning "to pledge" or "to guarantee"), with the suffix -ship, which denotes a state or condition. Historically, a sponsor was someone who took responsibility for another, often in a religious or legal context. Over time, the term expanded to include financial or promotional support, and -ship formalized the concept into a noun representing the relationship or role.
The company secured sponsorship for the upcoming sports event.
Her sponsorship enabled the young athlete to compete internationally.
The festival relies heavily on corporate sponsorship.
He thanked his sponsors for their generous sponsorship.
Sponsorship deals are crucial for funding community projects.