joint venture

noun
joint ven·​ture | \ -ˈven-chər\

Legal Definition of joint venture

1 : a cooperative business agreement or partnership between two or more parties that is usually limited to a single enterprise and that involves the sharing of resources, control, profits, and losses — compare combination
2 : a criminal undertaking by two or more persons in which each intentionally takes part used in the law of Massachusetts

Comments on joint venture

What made you want to look up joint venture? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

to move or obtain by small maneuvers

Get Word of the Day daily email!

Test Your Vocabulary

Summer 2019 Words of the Day Quiz

  • a-bowl-of-peach-sorbet-with-cut-peaches-next-to-it
  • Which is a synonym of desideratum?
True or False

Test your knowledge - and maybe learn something along the way.

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!