noun
Uncommon
consortium
kuhn-SAW-shuhm
Consortium (noun) means a group of businesses, organisations, or investors working together on a shared venture. Example: “A consortium of banks financed the new stadium.”
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."
"A consortium of local farms now supplies the city's school canteens."
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
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Word forms
- Plural
- consortia, consortiums
Fill the gap
Can you complete this real example?
A _____ of banks financed the new stadium.
Etymology
Borrowed directly from Latin consortium, from consors, "partner."
Related words
Rhymes for consortium
See all rhymes for consortium →Frequently asked questions
What does “consortium” mean?
The word “consortium” means a group of businesses, organisations, or investors working together on a shared venture. In plain terms, a group of organisations teaming up on a project, usually one that's too big for any of them alone.
How do you pronounce “consortium”?
“Consortium” is pronounced kuhn-SAW-shuhm (/kənˈsoɹ.ʃəm/ in IPA).
How do you use “consortium” in a sentence?
Here is “consortium” used in a sentence: “A consortium of banks financed the new stadium.”
What part of speech is “consortium”?
“Consortium” is a noun.
Where does the word “consortium” come from?
The word “consortium” comes from Latin. Borrowed directly from Latin consortium, from consors, "partner.".
Is “consortium” a common word?
“Consortium” is an uncommon word in modern English.
What is the difference between consortium and corporation?
A corporation is a single legal business entity, while a consortium is a group of separate businesses, organisations, or investors that join together to work on a shared venture while typically remaining independent entities. Members of a consortium collaborate on a specific project rather than merging into one company.
What is the difference between consortium and partnership?
A partnership usually involves a smaller, ongoing business relationship between two or more parties sharing profits and responsibilities, while a consortium tends to be a larger group of businesses or organisations formed for a specific shared venture, often with a defined scope or project. Consortium members often remain more separate and independent than partners typically are.
Is a consortium a permanent organisation?
A consortium is often formed for a specific shared venture and can be temporary, dissolving once the project is complete, though some consortiums continue for many years if their collaborative purpose remains ongoing. This makes consortiums more flexible in duration than a permanently merged company.
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