venture

noun C1

Meaning

A venture refers to a risky or daring undertaking, often associated with business or entrepreneurial activities, that involves a significant degree of uncertainty and potential for both loss and gain; it is characterized by the pursuit of innovation or pr
💡 The term "venture" is often mistakenly used interchangeably with "project"; however, "venture" implies a higher level of risk and uncertainty, particularly in financial contexts.

Example Sentences

The new venture aims to expand our market reach quickly .
The research venture aimed to explore sustainable energy solutions globally .

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