Consortium

A group made up of two or more individuals, companies or governments that work together toward achieving a chosen objective. Each entity within the consortium is only responsible to the group in respect to the obligations that are set out in the consortium's contract. Therefore, every entity that is under the consortium remains independent in his or her normal business operations and has no say over another member's operations that are not related to the consortium.

Consortiums are often used within the non-profit sector, specifically with educational institutions. They often pool resources such as libraries and professors and share them among the members of the group. Several groups of North American colleges and universities operate under consortiums.

For-profit consortiums also exist, but they are less prevalent. One of the most famous for-profit consortiums is the airline manufacturer Airbus.


Investment dictionary. . 2012.

Look at other dictionaries:

  • consortium — con·sor·tium /kən sȯr shəm; shē əm/ n pl sor·tia / shə, shē ə/ also sortiums [Latin, sharing, partnership, from consort consors sharer, partner] 1: an agreement, combination, or group (as of companies) formed to undertake an enterprise beyond… …   Law dictionary

  • consortium — [ kɔ̃sɔrsjɔm ] n. m. • 1869; mot angl. , du lat. « association » ♦ Groupement d entreprises constitué pour la réalisation d une opération financière ou économique. Des consortiums d achat (⇒ comptoir) . Consortium bancaire, pour le financement d… …   Encyclopédie Universelle

  • consortium — 1829, from L. consortium fellowship, participation, society, from consors (gen. consortis; see CONSORT (Cf. consort)). Earlier, in British law, a term for right of husband s access to his wife …   Etymology dictionary

  • Consortĭum — (Consortio, lat.), 1) Gesellschaft; 2) Ehe …   Pierer's Universal-Lexikon

  • consortium — has a plural consortiums or (occasionally) consortia …   Modern English usage

  • consortium — ► NOUN (pl. consortia or consortiums) ▪ an association, typically of several companies. ORIGIN Latin, partnership …   English terms dictionary

  • consortium — [kən sôrt′ē əm; kənsôr′shē əm, kən sôr′shəm] n. pl. consortia [kən sôrt′ēə, kən sôr′shēə, kən sôr′shəmə] [L, community of goods: see CONSORT] 1. a partnership or association; specif., a) a temporary alliance of two or more business firms in a… …   English World dictionary

  • Consortium — Pour les articles homonymes, voir Consortium (homonymie). Un consortium (du latin signifiant « partenariat » ou « association ») est une collaboration temporaire entre plusieurs acteurs à un projet ou programme dans le but d… …   Wikipédia en Français

  • Consortium — This article is about the type of voluntary association. For other uses, see Consortium (disambiguation). A consortium is an association of two or more individuals, companies, organizations or governments (or any combination of these entities)… …   Wikipedia

  • consortium — A group of companies that cooperate and share resources in order to achieve a common objective. Bloomberg Financial Dictionary * * * consortium con‧sor‧ti‧um [kənˈsɔːtiəm ǁ ɔːr ] noun consortiums PLURALFORM or consortia [ tiə] [countable] …   Financial and business terms

  • Consortium X — Le Consortium X du MIT était un organisme à but non lucratif créé en janvier 1988 par l institut de technologie du Massachusetts pour piloter le développement de l environnement graphique X, une technologie initiée en 1984 dans le cadre du projet …   Wikipédia en Français

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.