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What does sponsor mean?

Looking for the meaning or definition of the word sponsor? Here's what it means.

Noun
  1. A person or organisation with some sort of responsibility for another person or organisation, especially where the responsibility has a religious, legal, or financial aspect.
    1. A senior member of a twelve step or similar program assigned to a guide a new initiate and form a partnership with him.
  2. One that pays all or part of the cost of an event, a publication, or a media program, usually in exchange for advertising time.
Verb
  1. (transitive) To be a sponsor for.
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