consortium
nounUK /kənˈsɔːtiəm/
US /kənˈsɔːrʃəm/
A group of people or companies that work together on a big job.
The city hired a consortium of builders to construct the new bridge.
RELATED WORDS
OTHER MEANINGS
2. A group of banks that lend money together for a large project.
A consortium of banks financed the new airport.
3. An association of universities or schools that share resources.
The research consortium includes five universities.
4. In law, a partnership between spouses.
The couple formed a consortium to buy the house together.
5. A group of countries or organizations working toward a common goal.
The space consortium launched a joint satellite.