sponsorship

/ˈspɑnsərˌʃɪp/
noun
  1. Financial or other support given by a person or organization to an event, activity, or person, often in exchange for advertising or recognition.
    • Many athletes rely on corporate sponsorship to fund their training.
    • The festival's main sponsorship came from a major soft drink company.
    • The local bakery offered sponsorship for the school's sports day.
  2. The act of being responsible for someone, such as helping them enter a country, join an organization, or recover from addiction.
    • In the recovery program, each new member is assigned a sponsor for guidance and sponsorship.
    • She provided sponsorship for her cousin's visa application to study abroad.
    • The church offered sponsorship to refugee families resettling in the city.
What does "sponsorship" mean? | whatsthatwordmean | whatsthatwordmean