# III. DEFINITIONS

The following definitions are added to the policy:

- "Joint venture" means an association by contract in which you join together with one or more other entities with ownership interest in the venture (member/owners) to accomplish mutually a specific project or group of projects. A "joint venture" may take the form of a joint venture, limited liability company, or partnership.

- "Joint venture retained limit" means your percentage ownership interest in the "joint venture", multiplied by the applicable "retained limit".

All other terms and conditions of this policy remain unchanged.