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equity joint venture (M1)<br />A business jointly owned and run by a private firm and a governmental organization. As it is financed partly by equity capital, the return to the private investor is a variable dividend. This arrangement was used by capitalist firms to invest in CEN- TRALLY PLANNED ECONOMIES. To the participating government there is the advantage of not having to pay fixed interest charges. Many East European countries turned to this organizational form after 1989 as a means of reconstructing their economies.<br /><em>See also:</em> European Bank for Reconstruction and Development; joint venture
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<strong>Nelnet</strong> – A for-profit FFEL Program secondary market and servicer that originates, disburses, services, and purchases FFEL Program loans.
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