joint venture

Definitions

Accounting

  • noun a situation where two or more companies join together for one specific large business project

Construction

  • The joining together of two or more parties to form an entity with the legal characteristics of a partnership, to achieve a specific objective. See also contractual joint venture.

Economics

  • noun a single business undertaking entered into by two or more businesses or partners

Law

  • noun a very large business partnership where two or more companies join together as partners for a limited period

Publishing

  • noun a very large business project where two or more companies, often from different countries, join together to share development costs and eventual profits

Travel

  • noun a very large business project where two or more companies join together, often forming a new joint company to manage the project
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