Difference between Syndicate and Consortium

What is the difference between Syndicate and Consortium?

Syndicate as a noun is a group of individuals or companies formed to transact some specific business, or to promote a common interest; a self-coordinating group. while Consortium as a noun is an association or combination of businesses, financial institutions, or investors, for the purpose of engaging in a joint venture.

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: One thing I would like to see in Vancouver and Canada is something similar to the PayPal mafia. They were all early employees of PayPal. They all had monster exits with PayPal, and they were able to take their winnings and form a syndicate that co-invests.

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.

We hope you now know whether to use Syndicate or Consortium in your sentence.

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