consortium

Definition

A group of individuals or companies formed to undertake an enterprise or activity that would be beyond the capabilities of the individual members.

Use consortium in a sentence

You should try and make sure that everyone in the consortium understands exactly what you want and hope to achieve.

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We decided to form a consortium because we thought it would help us grow and become even bigger than we thought we could be.

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We brought together high level representatives from each of the companies to create a new consortium on supporting diverse local initiatives.

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consolidation phase consortium bank