Joint venture

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Revision as of 11:21, 9 October 2013 by imported>Doug Williamson (Category added 9/10/13 and spacing)
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1.

(JV).

A contractual arrangement where two or more parties undertake an economic activity which is subject to joint control.


2.

Financial reporting.

A joint arrangement whereby the parties that have joint control of the arrangement have rights to the net assets of the arrangement.


See also