nabobship noun2 •(historical) The rank or condition of a nabob.[…] Potty Cawn was discharged from his Nabobship, and return’d to his Governmᵗ att Changalaput […] — 1687 •(figurative, no longer used) A position of extremely great wealth.[…] an encumbered West India Estate, with the tax of high living, is no Nabobship, and an unfortunate Crop is a very severe shock to such a one. — 1772 formsnabobships