JOINT VENTURE

Pronunciation (US): (GB):

Meaning:

A venture by a partnership or conglomerate designed to share risk or expertise

Example:

a joint venture between the film companies to produce TV shows

Classified under:

Nouns denoting acts or actions

Hypernyms ("joint venture" is a kind of...):

venture (any venturesome undertaking especially one with an uncertain outcome)

Hyponyms (each of the following is a kind of "joint venture"):

foreign direct investment (a joint venture between a foreign company and a United States company)