consortium

UK/kənˈsɔː.ti.əm/US/kənˈsoɹ.ʃəm/

nounC1Occasional — familiar, but not everyday · #9,578 of 15,258mostly written

Other forms: consortia, consortiums

A consortium is a group of companies acting together on one project. A consortium of banks, form a consortium, the winning consortium.

It is how enormous projects get built, since no single firm carries the risk of a tunnel or a stadium alone. The members stay separate companies, which is what distinguishes a consortium from a merger.

Definitions of consortium

1nounconsortiumA group of companies acting together on one project.C1
“A consortium of banks agreed to fund the new bridge across the river.”

consortium is a group.

Where it comes from

Latin
cōnsortium
English, today
consortium

Learned borrowing from Latin cōnsortium.

Etymology from Wiktionary, CC BY-SA

Practise this word

consortium in the wild

All the members of the consortium, except KGI, have adjoining campuses, together covering roughly 1 mi2 (2.6 km2).
Claremont Colleges
The consortium was founded in 1925 by Pomona College president James A.
Claremont Colleges
Each consortium is based in one of the fifty states, the District of Columbia, Puerto Rico, and Guam.
National Space Grant College and Fellowship Program
By 2011, Nature reported that approximately 17,000 different genes have already been disabled by the consortium, "leaving only around 3,000 more to go".
International Knockout Mouse Consortium
The ISC has been resourced by a diverse international consortium of government departments, non-governmental organizations, and private companies.
Invasive Species Compendium

1 / 2

From Wikipedia, CC BY-SA 4.0. These sentences were written by other people about their own subjects; they are here to show the word at work, not as anybody’s opinion.

← Vocabulary