Definition of consortium
consortia
play \kən-ˈsȯr-sh(ē-)ə, -ˈsȯr-tē-ə\ alsoconsortiums
1 : an agreement, combination, or group (as of companies) formed to undertake an enterprise beyond the resources of any one member A consortium of researchers decoded the honeybee genome.
2 : association, society
3 : the legal right of one spouse to the company, affection, and assistance of and to sexual relations with the other
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Examples of consortium in a Sentence
A Japanese consortium invested millions in the technology.
a consortium for the prevention of animal cruelty
Recent Examples of consortium from the Web
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Membership in the Regional Greenhouse Gas Initiative, a cap-and-trade consortium of Northeastern states that agreed to work toward reductions in carbon dioxide emissions from power plants, increase investment in energy efficiency and cut pollution.
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The Hellenikon development is led by Greece’s Lamda Group with a consortium of overseas investors, and is planned to include a large park, shopping and recreation areas and hotels.
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Taiwan’s Hon Hai, which owns Apple iPhone maker Foxconn, was reportedly keen to buy the chips business, as are Toshiba’s joint venture partner Western Digital and a U.S.-Japanese-government backed consortium.
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Companies will be asked to present proposals that involve only design, construction and financing of the new terminal that are around $964 million, the amount that a consortium of airlines that use KCI had agreed to in 2015.
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A consortium of five funders, including the George Gund Foundation and Cleveland Foundation, provided upfront funding of $4 million for the program at 2- to 5-percent interest.
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Hub Ambitions IGA was founded in 2013 as a consortium of five Turkish construction companies: Limak, Cengiz, Kolin, Kalyon and MAPA.
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The NIH launched this consortium with the European Commission to deliver 200 new therapies for rare diseases and the means to diagnose more rare diseases by 2020.
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The new conference will be sponsored by a consortium of organizations including the APHA, the Climate Reality Project, Harvard Global Health Institute, and the University of Washington Center for Health and the Global Environment.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'consortium'. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Origin and Etymology of consortium
Latin, fellowship, from consort-, consors —see 1consort
First Known Use: 1829
Other Business Terms
CONSORTIUM Defined for English Language Learners
consortium
playDefinition of consortium for English Language Learners
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: a group of people, companies, etc., that agree to work together
Law Dictionary
consortium
playLegal Definition of consortium
consortia
\-shə, -shē-ə\ play alsoconsortiums
1 : an agreement, combination, or group (as of companies) formed to undertake an enterprise beyond the resources of any one member
2 [Medieval Latin, marital partnership, from Latin] : the right of one spouse to the company, affection, and assistance of and to sexual relations with the other; also : the right of a parent or child to the company, affection, and assistance of the other suing for loss of consortium — compare society
Origin and Etymology of consortium
Latin, sharing, partnership, from consort-, consors sharer, partner
Learn More about consortium
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Thesaurus: All synonyms and antonyms for consortium Spanish Central: Translation of consortium Nglish: Translation of consortium for Spanish speakers Britannica English: Translation of consortium for Arabic speakers
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