consortium

noun

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con·sor·tium | \ kən-ˈsȯr-sh(ē-)əm

, -ˈsȯr-tē-əm \

plural consortia\ kən-ˈsȯr-sh(ē-)ə

, -ˈsȯr-tē-ə \ also consortiums

Definition of consortium

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 on the Web Sidelining Turkey from the consortium led to the maritime accord that so angers Egypt. — Nicholas Saidel, WSJ, "The Middle East Conflict You Haven’t Heard About," 9 Feb. 2020 The strike Wednesday comes amid uncertainty over the struggling airline’s future ahead of an Oct. 15 deadline for the presentation of a binding takeover offer from a consortium of investors. — San Diego Union-Tribune, "Alitalia pilot strike grounds 35% of flights," 9 Oct. 2019 An equity investment from SoftBank could unlock additional financing options for WeWork, which is in talks for a $3-billion to $4-billion loan from a consortium of banks, several people said. — Los Angeles Times, "SoftBank is in talks to boost its $1.5-billion pledge to WeWork," 25 Sep. 2019 As part of the deal, the struggling fast-fashion retailer would be sold to a consortium made up of mall operators Simon Property Group and Brookfield Properties and brand management firm Authentic Brands Group, according to a Sunday court filing. — Clare Duffy, CNN, "Forever 21 Bankruptcy: Retailer enters deal to sell for $81 million," 2 Feb. 2020 In a July bankruptcy auction, Johnson Publishing sold its Ebony photo archives to a consortium of foundations for $30 million. — NBC News, "Historic Johnson Publishing artwork going on auction block," 16 Jan. 2020 Under pressure from the global public health community to release more details, the consortium published a draft genome of the novel coronavirus over the weekend, encouraging researchers around the world to analyze and share the data. — Megan Molteni, Wired, "China's Swift ID of a New Virus Is a Win for Public Health," 13 Jan. 2020 And Sylvania’s lighting operations were sold to a consortium including Chinese banks that renamed the lighting business LEDVANCE. — BostonGlobe.com, "The Trump administration gave old-fashioned, incandescent lightbulbs a holiday gift Friday: a new lease on life.," 21 Dec. 2019 In the late 1970s, financial problems led Tennant to sell his majority stake in the Mustique Company for around $1.8 million to a consortium headed by the Venezuelan paint manufacturer (and Mustique homeowner) Hans Neumann. — Tim Teeman, Town & Country, "Princess Margaret's Love Affair With the Island of Mustique," 8 Dec. 2019

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.

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Last Updated

23 Feb 2020

Cite this Entry

“Consortium.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/consortium. Accessed 27 Feb. 2020.

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More Definitions for consortium

consortium

noun

English Language Learners Definition of consortium

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

See the full definition for consortium in the English Language Learners Dictionary

consortium

noun

con·sor·tium | \ kən-ˈsȯr-shəm; -shē-əm

plural consortia\ -shə, -shē-ə

\ also consortiums

Legal 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 [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

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