noun
consortium
kuhn-SAW-shuhm
noun
1
A group of businesses, organisations, or investors working together on a shared venture.
"A consortium of banks financed the new stadium."
"The universities formed a research consortium."
How to Use Consortium
Learner’s notesIn plain EnglishA group of organisations teaming up on a project, usually one that's too big for any of them alone.
Common pairings
a consortium of companies
form a consortium
led by a consortium
Word Forms
consortia plural, consortiums plural
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A _____ of banks financed the new stadium.
Etymology
Borrowed directly from Latin consortium, from consors, "partner."