Skip to main content
consortium

consortium

62 6.7
A group of companies or organizations that work together on a project
  • noun
  • /kənˈsɔːrtiəm/
translation icon : consorcio
  • The construction of the bridge was completed by a consortium of international engineering firms.
  • a research consortium
  • an international consortium
  • a national consortium

Actually what the term refers to is when a industry consortium regulates itself.

Autoplay Next

Examples

  • But as I told you, these decisions are reached at consortium level, not at my desk.

    Fiction book (2001)
  • So the Human Cell Atlas is a international consortium that is trying to chart all cells in the human body.

  • But some are run by a consortium of the commercial banks.

  • I just need to put together a consortium of investors.

  • So I simply made sure the Japanese consortium received the systems integration contract.

    Fiction book (1997)
  • The three men in expensive suits represented a consortium of American business concerns.

    Fiction book (1996)
  • I'm coming in with a consortium of Chinese investors, and hopefully we'll be in and out before the word hits the street.

  • The purchase of the department store by the consortium filled us with uneasiness and secret hope.

    Fiction book (1993)
  • The money is generously being supplied by a consortium of American newspapers and Mr. John D. Rockefeller, Jr.

  • Recently, CP arranged for a $60 million 5-year revolving credit loan through a consortium of Japanese banks.

    Academic text (1990)

Synonyms

alliance
vsconsortium
832 4.0

A formal agreement between countries or groups to work together

is specifically companies forming to carry out one project together
coalition
vsconsortium
525 4.3

A group of people or organizations that join together to work for the same goal

is focused on companies joining to run a business enterprise
pool
vsconsortium
360 3.4

A group of people or companies who share resources for a common goal

is an association of organizations formed to run a joint project
partnership
vsconsortium
214 2.7

A relationship where people or groups work together to reach a shared goal

is for organizations joining to run a joint enterprise or project
combination
vsconsortium
43 3.4

A group of people or organizations that join to reach a common goal

is an association of companies created to undertake a shared enterprise
confederation
vsconsortium
32 6.0

A group of independent countries or organizations that join for a common purpose

is made by companies uniting specifically to carry out a cooperative project
syndicate
vsconsortium
5 5.9

A group of companies that work together on one business project

is wider, used by firms to join for any enterprise

How Formal

alliance
832 4.0
consortium
62 6.7
joint venture
29 4.4
partnership
214 2.7

Surface Forms

consortium singular
consortiums plural
consortia plural

Morphology

consortium = consort (semi-transparent) = consort + ium

The noun is clearly related to 'consort' (partner), but it is a Latin-derived institutional noun formed with a non-productive suffix '-ium', so the exact institutional meaning ('an association of organisations') is not fully predictable for all learners.

Etymology

The word consortium comes from the Latin parts con- meaning 'together' and sors meaning 'share' or 'lot', so it originally meant people who 'share' their fate or resources. That's why a consortium today is a group of companies or organizations that join together to work on a project.