Fel"low*ship (?), n. [Fellow + -ship.]
1.
The state or relation of being or associate.
2.
Companionship of persons on equal and friendly terms; frequent and familiar intercourse.
In a great town, friends are scattered, so that there is not that fellowship which is in less neighborhods.
Bacon.
Men are made for society and mutual fellowship.
Calamy.
3.
A state of being together; companionship; partnership; association; hence, confederation; joint interest.
The great contention of the sea and skies
Parted our fellowship.
Shak.
Fellowship in pain divides not smart.
Milton.
Fellowship in woe doth woe assuage.
Shak.
The goodliest fellowship of famous knights,
Whereof this world holds record.
Tennyson.
4.
Those associated with one, as in a family, or a society; a company.
The sorrow of Noah with his fellowship.
Chaucer.
With that a joyous fellowship issued
Of minstrels.
Spenser.
5.
(Eng. & Amer. Universities) A foundation for the maintenance, on certain conditions, of a scholar called a fellow, who usually resides at the university.
<-- why "foundation"? stipend is more accurate now. This use is sense 4 of this dictionary, an "endowment" -->
6.
(Arith.) The rule for dividing profit and loss among partners; -- called also partnership, company, and distributive proportion.
© Webster 1913.
Fel"low*ship (?), v. t. [imp. & p. p. Fellowshiped (); p. pr. & vb. n.. Fellowshiping.]
(Eccl.) To acknowledge as of good standing, or in communion according to standards of faith and practice; to admit to Christian fellowship.
© Webster 1913.