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Related to consortium: Loss of consortium
A group of companies that cooperate and share resources in order to achieve a common objective.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A group of independent companies participating in a joint venture for mutual benefit. Companies in a consortium cooperate with one another, often sharing technology as needed. A consortium allows the companies to conduct operations that they would not be able to do individually. It is important to note, however, that a consortium is not a merger and the companies remain independent.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A group of organizations that participate in a joint venture. Airbus Industrie, a European airplane manufacturer, is a consortium of four public and private corporations in Britain, France, Spain, and Germany.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
consortiuma group of independent companies or financial institutions which agree to work together jointly on some undertaking, for example the construction of an electricity power plant or the provision of a range of financial services, each contributing some particular resource input or expertise. In recent years, many TAKEOVERS of companies have been arranged on a consortium basis, with a view to breaking up the target company and sharing out its assets between the individual participants in the consortium. See CONTRACTOR.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
consortiuma temporary grouping of independent firms, organizations and governments brought together to pool their resources and skills in order to undertake a particular project such as a major construction programme or the building of an aircraft, or to combine their buying power in bulk-buying factor inputs.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005