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

The new bid is the final price and won’t be increased, the consortium said.

Read more on The Wall Street Journal

The consortium said that "retailers remain committed to working with Red Tractor", but that the organisation themselves are owners of the scheme.

Read more on BBC

That's why the club, now under the control of the American consortium who took charge in May, went straight to Gerrard.

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Tottenham "unequivocally rejected" an informal expression of interest from a consortium led by Earick last month and insisted the club was not for sale.

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Newcastle had not long been taken over by a Saudi-led consortium in a £305m deal which was opposed by human rights campaigners.

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Related Words

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