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joint venture

   Also found in: Dictionary/thesaurus, Legal, Financial, Acronyms, Wikipedia 0.06 sec.

joint venture

In business, an undertaking in which an individual or legal entity of one country forms a company with those of another country, with risks being shared.


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an organization that operated hospitals in central Texas through a joint venture with a for-profit healthcare company, was entitled to exempt status under Sec.
Lombard, Illinois, is forming an equity joint venture with Zhuzhou Rolling Stock Works, a steel foundry located in Hunan Province, China.
The joint venture will focus primarily on butadiene-based latexes, but also would have access to a broad range of latex chemistries.
 
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