Definition of Joint Venture

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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.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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