Meaning & use
consortium
Last updated
an association of two or more individuals, companies, or organizations formed to undertake an enterprise beyond the resources of any single member.
See it in a sentence
A consortium of banks agreed to finance the new airport terminal.
Several universities formed a research consortium to share equipment and funding.
A note on using this word
Common in business and academic contexts; its plural can be either 'consortiums' or the more formal 'consortia.'
Words with a similar meaning
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