Home > Glossary > J > Joint Venture
Illustration

Joint Venture

A joint venture is a temporary business arrangement where two or more entities pool resources to accomplish a specific project or activity. Each party shares profits, losses, and control as agreed in the contract. Joint ventures are common in construction, technology, and international business partnerships.

More Items

Just-in-Case Inventory

Just-in-case inventory is a strategy where businesses maintain higher stock levels to guard against supply chain disruptions or demand spikes. While it…

Journal Control Account

A journal control account is a summary account in the ledger that aggregates detailed transactions from subsidiary journals. It helps…

Job Revenue Recognition

Job revenue recognition determines how and when revenue from a specific project is recorded. Depending on the method used, revenue may be…