joint venture

¹ American  

noun

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

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joint-venture ² American  

[joint-ven-cher] / ˈdʒɔɪntˈvɛn tʃər /

verb (used without object)

joint-ventured, joint-venturing

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

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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

Etymology

Origin of joint-venture

First recorded in 1870–75

Example Sentences

Yet the sector is a mosaic of PDVSA-controlled joint ventures tied to specific fields and facilities.

From Barron's

Yet the sector is a mosaic of PDVSA-controlled joint ventures tied to specific fields and facilities.

From Barron's

Corrections & Amplifications Jefferies analysts estimate Venezuela could, in three to five years, produce an additional 500,000 barrels of oil a day through its current joint ventures.

From The Wall Street Journal

They reckon Venezuela could add an extra 500,000 barrels a day of oil production from existing joint ventures “with some moderate investment” over the next 3-5 years.

From The Wall Street Journal

Chevron and its joint ventures employ about 3,000 people in Venezuela.

From The Wall Street Journal