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- Dictionarycon·sor·ti·um/kənˈsôrdēəm/
noun
- 1. an association, typically of several business 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.
noun. an association of financiers, companies, etc, esp one formed for a particular purpose. law the right of husband or wife to the company, assistance, and affection of the other.
A consortium is a group of people or firms who have agreed to co-operate with each other.
an organization of several businesses or banks joining together as a group for a shared purpose: consortium of a consortium of textile manufacturers. Compare. syndicate noun. SMART Vocabulary: related words and phrases. Enterprises. acquiree. acquirer. acquiror. agency. agribusiness. answering service. clicks and mortar idiom. conglomerate. est.
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.
Definition of consortium noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
