a business enterprise in which two or more companies enter a temporary partnership. Abbr.:
joint-ven•turePronunciation: ( joint'ven'chur), [key]
—v., -tured, -tur•ing.
to establish or enter a joint venture or partnership.
to establish or run as a joint venture.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.