NOUN | act | joint venture | a venture by a partnership or conglomerate designed to share risk or expertise |
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Meaning | A venture by a partnership or conglomerate designed to share risk or expertise. | |
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Example | "a joint venture between the film companies to produce TV shows" | |
Narrower | foreign direct investment | A joint venture between a foreign company and a United States company |
Broader | venture | Any venturesome undertaking especially one with an uncertain outcome |
Spanish | empresa conjunta, joint venture | |
Catalan | joint venture |
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