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

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