adventure. 1. A commercial undertaking that has an element of risk; a venture. Cf. JOINT
VENTURE. 2.Marine insurance. A voyage involving financial and insurable risk, as to a shipment
of goods. — Often shortened to venture. [Cases: Insurance 2214.]
common adventure. A maritime enterprise, characterized as an undertaking in which all
participants, including the carrier, everyone with an interest in the cargo, and the insurers of all
share the risks of the perils of the sea. • The principle of shared risk is fundamental to maritime
law. — Also termed joint adventure; common venture.
gross adventure.A loan on bottomry, so called because the lender will be liable for the gross
(or general) average. See BOTTOMRY.
joint adventure. 1. See common adventure. 2. See JOINT VENTURE. [Blacks Law 8th]