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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
All completed ticket books and sponsorship should be returned to the organising committee immediately.
Half of this sum will come from contracts with the ARU and the Force, and the balance is sponsorship from businesses.
A fine crowd enjoyed a lovely walk and the event raised substantial sponsorship for the newly launched project.
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.
The woman, who was said to be smartly dressed, polite and well-spoken, told people she was collecting sponsorship for a marathon in York.
We stepped in when news broke that the fair was under threat due to lack of sponsorship.

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