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.
- A temporary alliance of two or more business firms in a common venture.
- An international banking agreement or association.
Origin of consortium
- Latin fellowship from cōnsors cōnsort- partner consort
From American Heritage Dictionary of the English Language, 5th Edition
- From Latin consortio ("bound destiny; the same destiny") prefix con- "with" + noun sortitus ("casting lots", "decide by lots").