joint venture

¹

noun

1. a business enterprise in which two or more companies enter a temporary partnership. JV, J.V.

joint-venture

²

[joint-ven-cher]

verb (used without object)

joint-ventured, joint-venturing 

1. to establish or enter a joint venture or partnership.

verb (used with object)

joint-ventured, joint-venturing 

1. to establish or run as a joint venture.

Other Word Forms

• joint venturer noun
• joint venturing noun

Word History and Origins

Origin of joint venture¹

First recorded in 1870–75

Example Sentences

The technology minister says the new digital park will also be home to The University of Technology, which is a joint venture between Taiwan and Paraguay.

Read more on BBC

The ICE raid and this year’s worker deaths occurred at the site of a battery factory that is a Hyundai joint venture with LG Energy Solution.

Read more on The Wall Street Journal

Divergent previously had a joint venture with manufacturer Nikon SLM Solutions to develop the printers but is now designing and manufacturing the machines itself using a predominantly U.S. supply chain.

Read more on The Wall Street Journal

The company generated revenue of €5.53 billion last year, or roughly double what it generated when the joint venture was set up, and swung to a pretax profit of €433 million.

Read more on The Wall Street Journal

The government holds a 24% stake in Hyphen, which is a joint venture led by Enertrag and U.K.-based Nicholas Holdings.

Read more on The Wall Street Journal