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From Longman Dictionary of Contemporary English
Related topics: Voting, Citizenship
sponsorspon‧sor1 /ˈspɒnsə $ ˈspɑːnsər/ ●○○ noun [countable]  
Examples from the Corpus
sponsorSponsors' corporate logos are placed on the boards surrounding the field.March has been in financial difficulties for some time and doesn't have a sponsor for this season.Numerous prizes, generously donated by sponsors, were given out at the end of the day.This production has cost £50,000, most coming from local sponsors.Obviously, sponsors have a very important role to play.The lack of sponsors has meant the taxpayer has had to foot more of the bill.If the show is too controversial, we'll lose our sponsors.Similarly a piece written by the magazine staff could have problems for the sponsor.
→ See Verb table
Examples from the Corpus
sponsorThe city's 10 leading shopkeepers each sponsor a team.The bank is sponsoring an art exhibition.The Compact should, however, be sponsored by a Partnership of Industry and Education.The new league will be sponsored by Pepsi Cola.The event, expected to net more than $ 1 million, was sponsored by the Democratic Senate Campaign Committee.Some of the work is sponsored by the Milka Jacobs Suchard chocolate company.The race is being sponsored by the Traveler's Club.Baucus and Chafee sponsored the bill together.Others who joined in sponsoring the law said it could help curb pinups and other visual imagery that demeans women.
From Longman Business Dictionary→ See Verb table
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