consortium
Definition 1
Short-term arrangement in which several firms (from the same or different industry sectors or countries) pool their financial and human resources to undertake a large project that benefits all members of the group. A consortium lasts for a period that is usually shorter than that for a syndicate.
Definition 2
Benefits the parties to an agreement or arrangement are entitled to receive from one another.
email to a friend
print this definition
cite this definition
link to this page
consortium is in the Corporate, Commercial, & General Law and Entrepreneurship, Management, & Leadership subjects.
consortium appears in the definitions of the following terms: consortia, de facto standard, coproduct, unicode, platform for privacy preferences project (P3P) and common object request broker architecture (CORBA)
consortium appears in these other terms: World Wide Web (W3) Consortium, consortium agreement
This content can be found on the following page:
http://www.businessdictionary.com/definition/consortium.html