syndicate

Definitions (2)
Related Terms
1. Temporary association of two or more individuals or firms to carryout a specific business venture or project such as large scale real estate development. Syndicates are commonly treated as corporations or partnerships for tax purposes.
2. Group of brokers or insurance underwriters who together accept the risk of buying and distributing a new stock issue or an insurance risk.

Use 'syndicate' in a Sentence

When the city was unable to revitalize the blighted area on its own, several private investors stepped in and formed a syndicate to provide new housing and clean up the area.
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Sometimes criminals team up to form a syndicate so that they can pull of bigger and more lucrative crimes together.
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This is a large project so there will be a syndicate between the billing and human resources department to ensure it is completed on time.
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