consortium

con·sor·tium

noun
\kən-ˈsȯr-sh(ē-)əm, -ˈsȯr-tē-əm\

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

Definition of CONSORTIUM

1

: an agreement, combination, or group (as of companies) formed to undertake an enterprise beyond the resources of any one member

2

: association, society

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

Related to CONSORTIUM

Synonyms: board, brotherhood, chamber, club, college, congress, association, council, fellowship, fraternity, guild (also gild), institute, institution, league, order, organization, society, sodality

Related Words: collective, commune, community, cooperative; alliance, bloc, camp, coalition, partnership; body, cadre, group; circle, clan, clique, coterie, junta, junto, klatch (also klatsch), lot, set; crew, outfit, party, squad, team; branch, chapter, local; faithful, fold, membership; sisterhood, sorority; cabal, camarilla, camorra, confederacy, conspiracy; band, gang, ring; cartel, combine, syndicate

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Other Business Terms

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