SOCIETAS

SOCIETAS societas (s[schwa]-sI-[schwa]-tas), n. [Latin] Roman law. A partnership between two or more people agreeing to share profits and losses; a partnership contract. ¡°Societas in its widest acceptation denotes two or more persons who unite or combine for the prosecution of a common object; in its more restricted sense it denotes a mercantile partnership …, […]