Also found in: Dictionary, Thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia.


A group of banks that acts jointly, on a temporary basis, to loan money in a bank credit (syndicated credit) or to underwrite a new issue of bonds.


1. In banking, a group of banks that each lend an amount of money to a borrower, all at the same time and for the same purpose. The banks in a syndicate cooperate with each other for the duration of the project, even if they are otherwise competitors. Bank syndicates usually only lend large amounts of money. Every syndicate is a temporary arrangement.

2. In investment banking, a group of underwriters responsible for placing a new issue of a security with investors. As with banking syndicates, the members of an underwriting syndicate work together for the duration of the project. Every syndicate is a temporary arrangement. It is also called a purchase group or a selling syndicate.


A combination of investment banking firms that bids on a new security issue and then sells it if the bid is successful. The syndicate disbands when the security offering has been completed. Syndicates are needed to spread the risk and obtain greater financial and marketing resources for large issues. Also called purchase group, underwriting syndicate. See also agreement among underwriters, breaking the syndicate, selling group.


To distribute shares of ownership in a partnership or joint venture. For example, a brokerage firm may syndicate ownership in certain oil and gas properties.


When a group of investment banks works together to underwrite and distribute a new security issue, they are acting as a syndicate.

Syndicates are temporary, forming to purchase the securities from the issuer and dissolving once the issue is distributed.

However, new syndicates, involving some of or all the same banks, form on a regular basis to underwrite each new issue. You may also hear these underwriting syndicates called purchase groups, underwriting groups, or distributing syndicates.

In other financial contexts, syndicate may refer to any group of financial institutions that works together on a particular project. Syndicate also describes a group of investors who make a joint investment in a company.


A method of selling real property in which a sponsor—the syndicator—sells interests to investors. At one time limited partnerships were the preferred vehicle.Today tenant-in-common properties (TICs) are extremely popular.

References in periodicals archive ?
The Press Syndicate is considered one of the country's most important institutions, contributing to the formation of public opinion.
He said the syndicate committee violates many rules.
Shes Our Mark, the remarkable mare who has won EUR350,000 for her owners, the B & M Syndicate
The syndicate urged all lawyers to refrain from attending any court session at the Justice palace as of Monday.
To their credit, however, Syndicate Media Group is planning another series of books slated to come out later this year.
Baker himself admits that these syndicates were 'fundamentally material in character'; their main aim was to purchase farm supplies, particularly fertilizers, securing the best price and assuring its members against fraud.
Neither McGruder nor Universal Press Syndicate will reveal details of the financial package behind the popular strip or the book deal they are currently working out.
Each Record syndicate has three chances to win, so you've got more chances of your numbers coming up than with the syndicate games played in English-based tabloids.
Beginning in the mid-1980s, syndicate elections ushered in a new era of syndicate politics.
The average combined ratio of syndicate 570 is slightly higher at 88%, reflecting the exposure of 570's book to catastrophe events.
The heads of 14 professional syndicates and their office bodies held a meeting on Saturday at the Egyptian Syndicate of Engineers to launch the Alliance of Professional Syndicates.

Full browser ?