What does "consortium" mean?

An association or combination of businesses, financial institutions, or investors, for the purpose of engaging in a joint venture.

How do you pronounce "consortium"?

Pronounced //kənˈsɔː(ɹ).ʃəm//.

Common synonyms include: academic federation, accord, agreement, aktiebolag, aktiengesellschaft, alliance.

/kənˈsɔː(ɹ).ʃəm/ noun

noun ·Moderate ·College level

Noun

1
An association or combination of businesses, financial institutions, or investors, for the purpose of engaging in a joint venture.
2
an association of companies for some definite purpose wordnet
3
A similar arrangement among non-commercial institutions or organizations.
"We wanted to share that kind thought with you because today, November 13, is "World Kindness Day" — created back in 1998 by a consortium of kindhearted charities."
4
An association or society.
5
The right of a spouse to all the normal relationships with his or her mate.

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"This consortium has thirteen members."

Learned borrowing from Latin cōnsortium.