waardschap

Meaning

1. (neuter, no-diminutive, uncountable) profession of innkeeping
2. (neuter, no-diminutive, uncountable) innkeeping
3. (neuter, no-diminutive, uncountable) a meal for guests; a banquet
4. (neuter, no-diminutive, uncountable) a gathering or meeting

Etymology

Cognate with German: Wirtschaft

In summary

From waard (“innkeeper, host”) + -schap. Cognate with German Wirtschaft (“inn; economy”).