What does sponsorship mean?

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

Noun
  1. (uncountable) The state or practice of being a sponsor.
  2. (countable, uncountable) The aid or support provided by a sponsor; backing or patronage.
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Unlike traditional state-funded schools, city academies benefit from private sponsorship as well as government funding.
The woman, who was said to be smartly dressed, polite and well-spoken, told people she was collecting sponsorship for a marathon in York.
Snooker has received a major shot in the arm with the announcement of a new sponsorship deal for the game's second most important ranking event.
Soon afterward, he began working as an account executive in the corporate sponsorship department of NBA Properties.
All completed ticket books and sponsorship should be returned to the organising committee immediately.
We stepped in when news broke that the fair was under threat due to lack of sponsorship.

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