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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
Unlike traditional state-funded schools, city academies benefit from private sponsorship as well as government funding.
A fine crowd enjoyed a lovely walk and the event raised substantial sponsorship for the newly launched project.
Exxon and Shell say if we don't do something quick the 2004 convention sponsorship deal is off.
There is no entry fee but participants are asked to fill a sponsorship card.
Soon afterward, he began working as an account executive in the corporate sponsorship department of NBA Properties.
The trust relies on donations and sponsorship, has an affinity card and often host jumbles sales and fairs to raise funds.

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