Meaning & use
Sponsorship
Last updated
Financial or material support given to a person, event, or organization, often in exchange for promotion or recognition.
See it in a sentence
The marathon relies heavily on corporate sponsorship to cover costs.
The young athlete secured a sponsorship deal with a major shoe brand.
A note on using this word
Sponsorship deals typically involve a business relationship where the sponsor gains brand visibility in return.
Words with a similar meaning
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