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- DictionaryCon·sor·ti·um/kənˈsôrdēəm/
noun
- 1. an association, typically of several business companies.
- 2. the right of association and companionship with one's husband or wife: "the amount awarded for loss of consortium must be included"
an organization of several businesses or banks joining together as a group for a shared purpose: consortium of a consortium of textile manufacturers. Compare. syndicate noun. SMART Vocabulary: related words and phrases. Enterprises. acquiree. acquirer. acquiror.
A consortium (pl. consortiums or consortia) is an association of two or more individuals, companies, organizations, or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a common goal.
2 days ago · consortium in American English. (kənˈsɔrʃiəm, -ti-) noun Word forms: plural -tia (-ʃiə, -tiə) 1. a combination of financial institutions, capitalists, etc., for carrying into effect some financial operation requiring large resources of capital. 2. any association, partnership, or union. 3. Law.
noun. /kənˈsɔːtiəm/. /kənˈsɔːrʃiəm/, /kənˈsɔːrtiəm/. (plural consortiums, consortia. /kənˈsɔːtiə/, /kənˈsɔːʃə/. /kənˈsɔːrtiə/, /kənˈsɔːrʃə/. ) a group of people, countries, companies, etc. who are working together on a particular project. the Anglo-French consortium that built the Channel Tunnel.
Consortium is a fancy word for a group you form for an enterprise beyond what any one member could do alone. All the grocery stores in your neighborhood might form a consortium for the promotion of local strawberries. Consortium comes from the verb consort, which means "to accompany or associate."
1. a. An association or a combination, as of businesses, financial institutions, or investors, for the purpose of engaging in a joint venture. b. A cooperative arrangement among groups or institutions: a library consortium. 2. An association or society. 3.
3 days ago · consortium in American English. (kənˈsɔrʃiəm, -ti-) noun Word forms: plural -tia (-ʃiə, -tiə) 1. a combination of financial institutions, capitalists, etc., for carrying into effect some financial operation requiring large resources of capital. 2. any association, partnership, or union. 3. Law.
