Definition, Meaning & Synonyms

jv

Noun

/ˌdʒeɪ ˈviː/

Definition

The abbreviation “JV” commonly refers to ‘Joint Venture,’ a business arrangement in which two or more parties agree to pool their resources for a specific task.

Examples

Company A and Company B formed a JV to launch a new product.
The JV successfully entered a new market, benefiting both partners.
In the tech industry, many startups engage in JVs to combine technology and expertise.