- The definition of a consortium is an association or alliance, or a legal right of one spouse to have companionship and support with the other.
- An example of consortium is several banks banding together.
- An example of consortium is the right of a wife to spend time with her husband.
consortium definition by Webster's New World
- a partnership or association; specif.,
- a temporary alliance of two or more business firms in a common venture
- an international banking agreement or association
- Law the companionship and support provided by marriage, including the right of each spouse to receive this from the other
Origin: Classical Latin community of goods: see consort
consortium definition by American Heritage Dictionary
noun pl. con·sor·ti·a
- a. An association or a combination, as of businesses, financial institutions, or investors, for the purpose of engaging in a joint venture.b. A cooperative arrangement among groups or institutions: a library consortium.
- An association or society.
- Law The right of a spouse to the company of, help of, affection of, and sexual relations with his or her mate.
Origin: Latin, fellowship, from cōnsors, cōnsort-, partner; see consort.
- con·sorˈti·al adjective
consortium - Business Definition
consortium - Investment & 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 - Legal Definition
- 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.
- In some states, the affection and companionship between a parent and a child. See also alienation of affections.