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joint venture

joint venture

29 4.4
A business project by two or more companies that share resources, risks, and profits
  • noun
  • /dʒɔɪnt ˈvɛnʧər/
translation icon : empresa conjunta
  • Now, Rimac has become well known lately for this amazing car, but also for their joint venture partnership with the Volkswagen Group.
  • joint venture with foreign
  • joint venture company
  • establish a joint venture

For example, we have this Gray joint venture in India with the Welcome Trust.

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Examples

  • During the week-long forum, negotiations on almost 200 joint ventures took place.

    Academic text (1992)
  • The project was, from the outset, a cooperative joint venture between IS and claims departments.

    Academic text (1991)
  • Since this is a joint venture with the Air Force...

  • For example, we have this Gray joint venture in India with the Welcome Trust.

  • The government would then seek to form joint ventures with foreign investors.

    Academic text (1991)
  • All three cars were built together in a joint venture in a factory in Illinois called Diamond Star Motors.

  • By 1990, South Korea was involved in thirty-eight joint ventures in East European countries.

    Academic text (1992)
  • Denison has a 60% interest in the Wheeler River joint venture and is the operator.

    Blog text (22)
  • So, at the request of the Provost, the course became a joint venture between the chemistry, physics, and ESL departments.

    Academic text (1990)
  • The new company, called Commonwealth, is an equal joint venture between the agencies working on renewable energy.

Synonyms

partnership
vsjoint venture
161 2.9

A business where two or more people run it together and share the money and losses

focuses on collaboration for a specific project rather than running a business
consortium
vsjoint venture
62 6.7

A group of companies or organizations that work together on a project

emphasizes sharing resources, risks, and profits for a specific project

How Collaborative

partnership
161 2.9
joint venture
29 4.4
collaboration
150 4.0
alliance
832 4.0
agreement
  • Formal
1.4

Surface Forms

joint venture singular

Morphology

joint + venture

The meaning 'a business arrangement in which two or more parties collaborate' is directly and transparently derived from combining 'joint' (involving two or more parties) with 'venture' (a commercial undertaking involving risk). This straightforward adjectival+noun composition is cross-linguistically common, so a B1 learner who knows both constituents should be able to infer the MWE meaning.

Etymology

Joint venture comes from the image of two companies joining for a risky project: joint means 'together' and venture suggests a risky trip or project. So a joint venture is a business project two or more firms do 'together', where they 'share' money, work, risks and profits.