consortium
Americannoun
plural
consortia-
a combination of financial institutions, capitalists, etc., for carrying into effect some financial operation requiring large resources of capital.
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any association, partnership, or union.
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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.
noun
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an association of financiers, companies, etc, esp one formed for a particular purpose
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law the right of husband or wife to the company, assistance, and affection of the other
Other Word Forms
- consortial adjective
Etymology
Origin of consortium
1820–30; < Latin: partnership, equivalent to consort- consort + -ium -ium
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
The federally funded research center employs about 830 staff, making it one of the largest consortia of scientists who study weather, climate and Earth systems using advanced models and supercomputers in the world.
From Los Angeles Times
The consortium entered into a takeover agreement for the largest self-storage provider in Australia and New Zealand after almost two weeks of exclusive due diligence.
To fund the mostly cash offer, Netflix secured a bridge lending facility to borrow $59 billion from a consortium of banks.
From Barron's
To fund the mostly cash offer, Netflix secured a bridge lending facility to borrow $59 billion from a consortium of banks.
From Barron's
Virkkunen said companies from outside the EU could participate as long as the consortia are majority-owned by European entities and no “high-risk vendors” are involved.
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
