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English Lexicon

Joint Venture

/ˈdʒɔɪnt ˈvɛn.tʃɚ/
nounCEFR C1 (Advanced)Top #3450 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    A commercial enterprise undertaken jointly by two or more parties which otherwise retain their distinct identities.

    "The two automobile giants formed a joint venture to develop electric vehicle technology."
  2. 2

    A specific project or business agreement involving shared risk, control, and financial returns.

    "They entered into a joint venture to explore new markets in Southeast Asia."
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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

Derived from Middle English 'joinen' (from Old French 'joindre') and 'venture' (aphetic form of 'adventure', from Latin 'adventura' meaning 'about to happen'). Historically solidified in commercial law during the 19th century to describe a collaborative business arrangement where two or more parties pool resources for a specific project.

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