corporate trust

Definitions of corporate trust
  1. noun
    a consortium of independent organizations formed to limit competition by controlling the production and distribution of a product or service
    synonyms: cartel, combine, trust
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    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.)
    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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