Consortium
Part of speech: noun
Definition: An association or combination of businesses, financial institutions, or investors, for the purpose of engaging in a joint venture. A similar arrangement among non-commercial institutions or organizations. An association or society. The right of a spouse to all the normal relationships with his or her mate.
Syndicate
Part of speech: noun
Definition: A group of individuals or companies formed to transact some specific business, or to promote a common interest; a self-coordinating group.A similar group of gangsters engaged in organized crime.A chain of newspapers, or an agency that distributes features to multiple newspapers.
Part of speech: verb
Definition: To become a syndicate.To put under the control of a group acting as a unit.To release media content through a syndicate to be published or broadcast through multiple outlets.
Example sentence: A syndicate is a group that has gotten together to pool their money so they can cover more contingencies. If I come to track with, say, $200, and I join a syndicate of 20 people, each of whom can bet $200, we can spread our bets, and that gives us a better chance of winning.