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What is a venturer?

What is a venturer? Here are some definitions.

Noun
  1. (archaic) One who ventures; a traveller or explorer.
  2. (business) One who undertakes a business venture.
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Though well they know that from the vacant unislanded main the venturer has rarely returned.
Each venturer uses its own property, plant and equipment and carries its own inventories.
The venturer is one who keeps his eye on the hedgerows and wayside groves and meadows while he travels the road to Fortune.
Each venturer usually contributes cash or other resources to the jointly controlled entity.
The profit or loss of the venturer includes the venturer's share of the profit or loss of the jointly controlled entity.
The contractual arrangement may identify one venturer as the operator or manager of the joint venture.

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