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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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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 definition: 1. an organization of several businesses or banks joining together as a group for a shared purpose…. Learn more.
Consortium definition: a combination of financial institutions, capitalists, etc., for carrying into effect some financial operation requiring large resources of capital.. See examples of CONSORTIUM used in a sentence.
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.
a group of people, countries, companies, etc. who are working together on a particular project. the Anglo-French consortium that built the Channel Tunnel. Our company forms part of a consortium of local businesses working for environmental change. Word Origin.
A consortium is a group of people or firms who have agreed to co-operate with each other.
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 definition: an organization consisting of several businesses or banks: . Learn more.
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.
