Definition of joint venture noun from the Oxford Advanced Learner's Dictionary


joint venture

BrE BrE//ˌdʒɔɪnt ˈventʃə(r)//
; NAmE NAmE//ˌdʒɔɪnt ˈventʃər//
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a business project or activity that is begun by two or more companies, etc., which remain separate organizations
See the Oxford Advanced American Dictionary entry: joint venture