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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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Examples
Instead, as well as cash from the Government, businesses will hand over pots of money in sponsorship to help fund projects around the country.
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.
We stepped in when news broke that the fair was under threat due to lack of sponsorship.
There is no entry fee but participants are asked to fill a sponsorship card.
All completed ticket books and sponsorship should be returned to the organising committee immediately.
The woman, who was said to be smartly dressed, polite and well-spoken, told people she was collecting sponsorship for a marathon in York.

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