joint venture
noun/ˌdʒɔɪnt ˈventʃə(r)/
/ˌdʒɔɪnt ˈventʃər/
(business)- a business project or activity that is begun by two or more companies, etc., which remain separate organizations
- The company has set up a joint venture with a company in Austria.
- a joint-venture company
- The project is a joint venture between the public and private sectors.
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joint venture