Joint Venture

Definition

  • An association between two or more parties to own and/or develop real estate. It may take a variety of forms including partnership. It is formed for specific purposes and duration.

Synonyms
partners, collective endeavour

Related Terms and Acronyms

  • Closely Held Definition,
    • Schedule II banks may be closely held, i.e., one party (owner) may hold more than 10% of the outstanding shares. Schedule I banks are prohibited from this type of ownership.
  • Entrepreneur Definition,
    • A person who starts and manages a business.
  • Real Estate (RE) Acronym, Very Important,
    • A section of land including all the natural resources (above and below the surface) and any permanent buildings or structures located on it. Also known as "realty."
  • Venture Capital (VC) Acronym,
    • Financial capital given to startup companies.
Compare. Calculate. Apply today.
Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage