Definition, Meaning & Synonyms
co-venture
Noun
/koʊˈvɛn.tʃər/
Definition
A partnership or collaboration between two or more parties to pursue a specific project or business activity.
Examples
- Tech companies often engage in a co-venture to develop new software solutions.
- The real estate firms entered into a co-venture to build a new shopping center.
- Our co-venture with the community organization aims to promote local artists.
Meaning
Co-venture refers to an arrangement where multiple entities come together to share resources, risks, and rewards in order to achieve a common goal. This can involve joint investments and shared profits.
Synonyms
- joint venture
- partnership
- collaboration
- alliance
- association
