consortium

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
    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:
    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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