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consortium Definition

con·sor·tium (kən sôrt′ē əm; -sôr′s̸hē əm, -s̸həm)

noun pl. -·tia---ə

  1. a partnership or association; specif.,
    1. a temporary alliance of two or more business firms in a common venture
    2. an international banking agreement or association
  2. Law the companionship and support provided by marriage, including the right of each spouse to receive this from the other

Etymology: L, community of goods: see consort

consortium Finance Definition
A group of companies that join together to attain a specific goal. When the goal is achieved the consortium typically disbands. It is a way for companies to work together that is less formal than a joint venture or a strategic partnership.
consortium Law Definition

n

  1. The affection, companionship, and sexual gratification that one receives from another, especially from a spouse or, in some states, a fellow participant in a civil union. See also alienation of affections and conjugal rights.
  2. In some states, the affection and companionship between a parent and a child. See also alienation of affections.
loss of consortium
The loss of such affection, companionship, and sexual gratification as a result of the negligent or intentional injury or death of a spouse. May be the basis for a tort action for alienation of affections or an element in determining the damages awarded in a wrongful injury or death lawsuit.
consortium Usage Examples

Preposition: of

  • businessman: Also wanting to take over from the hugely unpopular Tony Petty is the consortium of local businessmen headed by Mel Nurse.
  • university: The project was undertaken by a consortium of British universities in order to develop their students transferable skills.
  • funder: The award, from a consortium of research funders led by the Wellcome Trust, was announced on Wednesday, 5 July.
  • institution: The Project is made up of a consortium of eight higher education institutions in the South West.
  • investor: Matrix led a consortium of investors, which also included fellow VCT operator Chrysalis.
  • researcher: The EUSES Consortium is a new NSF consortium of researchers who are working on this problem.

Converse of object

  • lead: Neville - a lifelong Villa fan - is leading a consortium which he believes can " make Aston Villa great again " .
  • establish: The UK's proposal to establish an infrastructure consortium was agreed at a meeting on 5 May in London.

Adjective modifier

  • public-private: Caselex is built on a public-private consortium comprising 11 key players ( see below for information on the Irish and UK participants ).
  • Icelandic: In the autumn of 1999, Stoke was purchased by an Icelandic business consortium.
  • non-profit: California is positioning itself to capture this new market through the creation of non-profit industrial development consortiums, such as Calstart.
  • interdisciplinary: LeGE-WG provides an interdisciplinary consortium of experts in Grid Computing and eLearning, and promotes a close interaction between the communities associated with them.
  • international: Sky 1st June 2006 North Korea An international consortium set up to build nuclear power plants for North Korea has abandoned the project.
  • multinational: The DNA sequence of the genome was completed by a multinational consortium in December 2000, the first of any higher plant.

Modifies a noun

  • bidding: Raytheon is a member of the Metrix consortium bidding for the UK MoD's Defense Training Requirement.
  • bid: Yes, bidding will be possible if your college is part of such a consortium bid.
  • partner: The total value of the seven-year contract, with consortium partner Morgan Est, will be approximately £ 420 million.

Noun used with modifier

  • inter-university: And expenses could the data on inter-university consortium for two data sources.
  • purchasing: Yes / No What is the ideal length of financial commitment for your college: Are you a member of any purchasing consortium?
  • buying: Close relationships with trading and buying consortiums means Dane can also help its clients with a wide range of supplier contacts.