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corporate trust

DEFINITIONS OF: corporate trust

1

n a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service

Synonyms:
cartel, combine, trust
Examples:
Medellin cartel
a drug cartel in Colombia; controlled the production of cocaine from the 1970s until 1993 when the leader was killed
Cali cartel
a drug cartel that seized control of cocaine production in Colombia in 1993; adopted techniques used by terrorist organizations (small cells and sophisticated communications equipment and close ties with politicians etc.)
Types:
drug cartel
an illicit cartel formed to control the production and distribution of narcotic drugs
oil cartel
a cartel of companies or nations formed to control the production and distribution of oil
OPEC, Organization of Petroleum-Exporting Countries
an organization of countries formed in 1961 to agree on a common policy for the production and sale of petroleum
Type of:
consortium, pool, syndicate
an association of companies for some definite purpose
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