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consortium

/kənˈsɔrɾiəm/
/kənˈsɔtiəm/
IPA guide

Other forms: consortiums; consortia

Consortium is a fancy word for a group you form for an enterprise beyond what any one member could do alone. All the grocery stores in your neighborhood might form a consortium for the promotion of local strawberries.

Consortium comes from the verb consort, which means "to accompany or associate." Consortium used to mean "fellowship, participation, society," but these days you're more likely to hear consortium for an association of different institutions like schools or companies than, say, a consortium of philosophical frog lovers. Still, consortiums usually preserve the ideals of fellowship, with every member institution chipping in to reach a common goal.

Definitions of consortium
  1. noun
    an association of companies for some definite purpose
    synonyms: pool, syndicate
    see moresee less
    types:
    cartel, combine, corporate trust, trust
    a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service
    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
    type of:
    association
    a formal organization of people or groups of people
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DISCLAIMER: These example sentences appear in various news sources and books to reflect the usage of the word ‘consortium'. Views expressed in the examples do not represent the opinion of Vocabulary.com or its editors. Send us feedback
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