- Consolidation
- The combining of two or more firms to form an entirely new entity. The New York Times Financial Glossary
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1. ECONOMICS when companies combine in takeovers and merger S, resulting in fewer businesses in an industry:• Further consolidation in the sector is clearly necessary - there are 32 firms competing in one town alone.
2. COMMERCE when organizations or departments become joined together:• Other changes include the consolidation of all financial functions into one department.
3. COMMERCE when a company's position of power or success is made stronger and more likely to continue:• This is a time for consolidation, not for expansion.
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consolidation UK US /kənˌsɒlɪˈdeɪʃən/ noun [C or U]► the situation in which two or more things, for example companies or organizations, are joined together: »Greater market share can be achieved in the long term through industry consolidation.
»The takeovers came amid a wave of consolidation as the so-called Big Oil companies gobbled up competitors.
»We have recently seen a consolidation of booksellers and distributors.
consolidation of sth and sth (into sth) »the consolidation of the repair and service operations into one department
»The company can offer various options for the consolidation of your outstanding debts.
► the process of becoming or of making something stronger or more successful: »Efforts are being focused on the consolidation of their position as a major player in the telecoms market.
► ACCOUNTING the process of combining the accounts of a group of companies in one set of figures: »This report contains a consolidation of the group's accounts for the financial year 2011-2012.
► TRANSPORT the process of putting items together in order to send or transport them: »Consolidation can significantly reduce the cost of moving smaller volumes of goods.
Financial and business terms. 2012.