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- Dictionaryconsortium/kənˈsɔːtɪəm/
noun
- 1. an association, typically of several companies.
- 2. the right of association and companionship with one's husband or wife: "the amount awarded for loss of consortium must be included"
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A consortium (pl. consortiums or consortia) is an association of two or more individuals, companies, organizations, or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a common goal.
CONSORTIUM definition: 1. an organization of several businesses or banks joining together as a group for a shared purpose…. Learn more.
The meaning of CONSORTIUM is an agreement, combination, or group (as of companies) formed to undertake an enterprise beyond the resources of any one member. How to use consortium in a sentence.
CONSORTIUM meaning: 1. an organization of several businesses or banks joining together as a group for a shared purpose…. Learn more.
A consortium is a group of people or firms who have agreed to co-operate with each other.
noun. , plural con·sor·ti·a [k, uh, n-, sawr, -shee-, uh, -tee-, uh]. a combination of financial institutions, capitalists, etc., for carrying into effect some financial operation requiring large resources of capital. any association, partnership, or union.
Definition of consortium noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
1. a. An association or a combination, as of businesses, financial institutions, or investors, for the purpose of engaging in a joint venture. b. A cooperative arrangement among groups or institutions: a library consortium. 2. An association or society. 3.
Consortium is a fancy word for a group you form for an enterprise beyond what any one member could do alone. All the grocery stores in your neighborhood might form a consortium for the promotion of local strawberries. Consortium comes from the verb consort, which means "to accompany or associate."
Jun 2, 2024 · An association or combination of businesses, financial institutions, or investors, for the purpose of engaging in a joint venture. A similar arrangement among non-commercial institutions or organizations.
