consortium

consortium
A group of companies that cooperate and share resources in order to achieve a common objective. Bloomberg Financial Dictionary

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consortium con‧sor‧ti‧um [kənˈsɔːtiəm ǁ -ɔːr-] noun consortiums PLURALFORM or consortia [-tiə] [countable] COMMERCE
a combination of several companies, banks etc working together for a particular purpose, for example in order to buy something or build something; = SYNDICATE:

• the consortium of 10 British and French construction firms who built the Channel tunnel

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   A group of companies that have joined together to promote a common project.

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consortium UK US /kənˈsɔːtiəm/ noun [C] (plural consortiums, consortia)
► a group of companies, organizations, etc. that have joined together to work on a particular project: »

The 11-member consortium, led by BP, sought funding from public bodies such as the World Bank.

 »

The Severn Tidal Power Group is a consortium of big construction and electrical companies.

 form a consortium »

Any move to form a consortium of all the UK's naval shipyard facilities would put jobs at risk.


Financial and business terms. 2012.

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Look at other dictionaries:

  • consortium — con·sor·tium /kən sȯr shəm; shē əm/ n pl sor·tia / shə, shē ə/ also sortiums [Latin, sharing, partnership, from consort consors sharer, partner] 1: an agreement, combination, or group (as of companies) formed to undertake an enterprise beyond… …   Law dictionary

  • consortium — [ kɔ̃sɔrsjɔm ] n. m. • 1869; mot angl. , du lat. « association » ♦ Groupement d entreprises constitué pour la réalisation d une opération financière ou économique. Des consortiums d achat (⇒ comptoir) . Consortium bancaire, pour le financement d… …   Encyclopédie Universelle

  • consortium — 1829, from L. consortium fellowship, participation, society, from consors (gen. consortis; see CONSORT (Cf. consort)). Earlier, in British law, a term for right of husband s access to his wife …   Etymology dictionary

  • Consortĭum — (Consortio, lat.), 1) Gesellschaft; 2) Ehe …   Pierer's Universal-Lexikon

  • consortium — has a plural consortiums or (occasionally) consortia …   Modern English usage

  • consortium — ► NOUN (pl. consortia or consortiums) ▪ an association, typically of several companies. ORIGIN Latin, partnership …   English terms dictionary

  • consortium — [kən sôrt′ē əm; kənsôr′shē əm, kən sôr′shəm] n. pl. consortia [kən sôrt′ēə, kən sôr′shēə, kən sôr′shəmə] [L, community of goods: see CONSORT] 1. a partnership or association; specif., a) a temporary alliance of two or more business firms in a… …   English World dictionary

  • Consortium — This article is about the type of voluntary association. For other uses, see Consortium (disambiguation). A consortium is an association of two or more individuals, companies, organizations or governments (or any combination of these entities)… …   Wikipedia

  • Consortium — Pour les articles homonymes, voir Consortium (homonymie). Un consortium (du latin signifiant « partenariat » ou « association ») est une collaboration temporaire entre plusieurs acteurs à un projet ou programme dans le but d… …   Wikipédia en Français

  • Consortium X — Le Consortium X du MIT était un organisme à but non lucratif créé en janvier 1988 par l institut de technologie du Massachusetts pour piloter le développement de l environnement graphique X, une technologie initiée en 1984 dans le cadre du projet …   Wikipédia en Français

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