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Meaning of joint venture

joint' ven'ture

Pronunciation: [key]
  1. a business enterprise in which two or more companies enter a temporary partnership. Abbr.: JV, J.V.

joint-ven•ture

Pronunciation: ( joint'ven'chur), [key]
— v., -tured, -tur•ing.
—v.i.
  1. to establish or enter a joint venture or partnership.
—v.t.
  1. to establish or run as a joint venture.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.