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TeachMeFinance.com - explain Joint Venture joint venture -- a commercial project, usually of a limited duration or for a specific accomplishment, undertaken by two or more persons or companies. another definition... Joint Venture -- A combination of two or more individuals or legal entities who undertake together a transaction for mutual gain or to engage in a commercial enterprise together with mutual sharing of profits and losses. Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.