Meaning of “joint venture” in the English Dictionary


"joint venture" in English

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(Definition of “joint venture” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"joint venture" in Business English

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joint venturenoun [ C ]

uk us also joint partnership, abbreviation JV COMMERCE, MANAGEMENT

an arrangement between two or more companies to work together on a particular project:

The two companies have entered into a joint venture agreement to develop a major casino hotel in Atlantic City.

(Definition of “joint venture” from the Cambridge Business English Dictionary © Cambridge University Press)