Definitions from the Web
Joint Venture
Description:
A joint venture is a business arrangement where two or more parties agree to collaborate to undertake a specific project or business activity. It involves sharing resources, risks, and profits among the involved parties.
Senses and Usages:
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Noun:
A joint venture refers to a legal entity created by two or more businesses or individuals with the purpose of carrying out a particular business undertaking.
Example sentence: The joint venture between Company A and Company B aims to develop a new line of innovative products.
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Verb:
To joint venture means to enter into a collaboration or partnership with another party to accomplish a specific goal or project.
Example sentence: The two companies decided to joint venture in order to expand into international markets.
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