consortium

[kuhn-sawr-shee-uhm, -tee-]

noun

plural

consortia 

1. a combination of financial institutions, capitalists, etc., for carrying into effect some financial operation requiring large resources of capital.

2. any association, partnership, or union.

3. Law.,  the legal right of partners in a marriage to companionship and conjugal intercourse with each other.

   In a wrongful death action the surviving spouse commonly seeks damages for loss of consortium.

consortium

/ kənˈsɔːtɪəm /

noun

1. an association of financiers, companies, etc, esp one formed for a particular purpose

2. law the right of husband or wife to the company, assistance, and affection of the other

Other Word Forms

• consortial adjective

Word History and Origins

Origin of consortium¹

1820–30; < Latin: partnership, equivalent to consort- consort + -ium -ium

Word History and Origins

Origin of consortium¹

C19: from Latin: community of goods, partnership; see _consort

Example Sentences

A new outlook, all triggered by the arrival of a US-based consortium vowing to get the club "back to the top".

Read more on BBC

The Eurofighter jets are jointly produced by Britain, Germany, Italy and Spain, and the deal was subject to approval from the other members of the consortium.

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Northumbria University contributed through a UK consortium that designed cameras for the telescope's Visible Broadband Imager, building on the institution's strong background in solar research.

Read more on Science Daily

In recent days, Orion Resource Partners, an investment firm specializing in metals, announced a $1.8 billion investment consortium, seeded in part with U.S. government money, to secure critical minerals for the U.S. and its allies.

Read more on The Wall Street Journal

An Australian consortium of mining firms RareX and Iluka Resources announced a bid this year to mine rare earths on the site, and locals say land speculators are flocking to the area.

Read more on Barron's

Related Words

• association 
• body 
• business 
• circle 
• club 
• company 
• cooperative 
• corporation 
• establishment 
• federation 
• industry 
• institute 
• institution 
• league 
• party 
• society 
• team 
• union