consortium


con·sor·tium

noun \kən-ˈsr-sh(ē-)əm, -ˈsr-tē-əm\

: a group of people, companies, etc., that agree to work together

plural con·sor·tia\-ˈsr-sh(ē-)ə, -ˈsr-tē-ə\ also con·sortiums

Full Definition of CONSORTIUM

1
:  an agreement, combination, or group (as of companies) formed to undertake an enterprise beyond the resources of any one member
3
:  the legal right of one spouse to the company, affection, and assistance of and to sexual relations with the other

Examples of CONSORTIUM

  1. A Japanese consortium invested millions in the technology.
  2. <a consortium for the prevention of animal cruelty>

Origin of CONSORTIUM

Latin, fellowship, from consort-, consors
First Known Use: 1829

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite

Browse

Next Word in the Dictionary: conspecies
Previous Word in the Dictionary: consortism
All Words Near: consortium

Seen & Heard

What made you want to look up consortium? Please tell us where you read or heard it (including the quote, if possible).

Get Our Free Apps
Voice Search, Favorites,
Word of the Day, and More
Join Us on FB & Twitter
Get the Word of the Day and More