MindTap Introduction to Business for Pride/Hughes/Kapoor's Foundations of Business, 5th Edition, [Instant Access], 1 term (6 months)
MindTap Introduction to Business for Pride/Hughes/Kapoor's Foundations of Business, 5th Edition, [Instant Access], 1 term (6 months)
5th Edition
ISBN: 9781305511538
Author: William M. Pride; Robert J. Hughes; Jack R. Kapoor
Publisher: Cengage Learning US
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Chapter 4.7B, Problem 1CC
Summary Introduction

To determine: Defining a joint venture and a syndicate.

Introduction: A joint venture is a brief business organization between at least two people or an association for profit without framing a lasting organization, company, or different business entity. A syndicate is a gathering of providers or guarantors that meet up to share or take an interest in a particular loan or venture.

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