consortium
UK: kənˈsɔːtiəm | US: kənˈsɔːrʃiəm
n. a temporary association of companies or organizations formed to undertake a joint enterprise.
n. an association of financial institutions providing capital for large-scale projects.
n. (law) the right of a spouse to companionship and services of the other.
Derived from Latin consortium ("partnership, fellowship"), from consors ("sharing in common"), combining con- (intensive prefix meaning "together") and sors ("share, lot"). The term originally referred to shared inheritance among Roman heirs, later evolving to denote collaborative ventures in business and law. The morpheme sort preserves the idea of "division" or "allocation," while -ium marks it as a noun.
The consortium of tech firms launched a groundbreaking AI initiative.
Banks formed a consortium to fund the new infrastructure project.
The legal dispute centered on the consortium rights of the surviving spouse.
Five universities established a research consortium to tackle climate change.
The oil consortium agreed to reduce production to stabilize prices.