consortium

noun
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.

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

How to transfer money to the right person on Venmo New money transfer services have popped up; a consortium of banks launched their own money transfer app, Zelle, last year. Telis Demos, WSJ, "You Accidentally Sent $149 to a Stranger on Venmo? Good Luck Getting It Back," 12 July 2018 So the consortium is on track to meet its target of 100,000 hashes by the end of 2018. Stuart Macdonald, Scientific American, "How Tech Companies Are Trying to Disrupt Terrorist Social Media Activity," 26 June 2018 The relationship between Illinois and Northstar quickly soured as the private consortium failed to deliver the revenue stream promised in its bid. Kaitlin Lange, Indianapolis Star, "Hoosier Lottery often pulls plug on high-dollar scratch-off games before all prizes can be won," 5 Apr. 2018 The state/private consortium still investigating the sunken wreck takes its finds to the QAR Conservation Lab, 90 miles inland at Eastern Carolina University, in Greenville (school team name: the Pirates). John Bordsen, USA TODAY, "N.C.'s haul from ‘native son’ Blackbeard's 300th anniversary: Tourist gold," 22 June 2018 So dire is the financial picture that FIFA's new president has recently endorsed selling several of its tournaments outright to a shadowy private consortium led by Japanese and Saudi investors. Ken Bensinger, chicagotribune.com, "If the U.S. doesn't get the 2026 World Cup, blame Donald Trump," 12 June 2018 Fund-raising questions R3 launched in 2014 with ambitious plans of supplying blockchain technology to a consortium of major banks. Jeff John Roberts, Fortune, "Blockchain Firm R3 Is Running Out of Money, Sources Say," 7 June 2018 In Contra Costa County, a district attorney earned the support of the consortium of wealthy donors and liberal groups. Lukas Mikelionis, Fox News, "Soros spends big in California's DA races in bid to reshape criminal justice system," 25 May 2018 Two competing consortiums of Asian countries — Indonesia, Thailand and Vietnam, and China, Japan, South Korea and North Korea — are expected to submit bids to host then. Kevin Draper, New York Times, "The World Cup Final’s Unconventional Start Time," 13 July 2018

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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First Known Use of consortium

1829, in the meaning defined at sense 1

History and Etymology for consortium

Latin, fellowship, from consort-, consors — see consort entry 1

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Last Updated

2 Nov 2018

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The first known use of consortium was in 1829

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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

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

History and Etymology for consortium

Latin, sharing, partnership, from consort-, consors sharer, partner

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