What is a synonym of consortium?
cartel. noungroup which shares business interest. bunch. chain. combine.
What does Consortial mean?
Filters. Of, pertaining to, or resulting from the formation of a consortium.
How do you use the word consortium?
Consortium in a Sentence 🔉
- When the consortium of doctors from across the globe meet, its members will discuss the best way to contain the virus.
- Acting as a consortium, the citizens in the poor district worked together to renovate their schools.
What is an example of consortium?
The definition of a consortium is an association or alliance, or a legal right of one spouse to have companionship and support with the other. An example of consortium is several banks banding together. An example of consortium is the right of a wife to spend time with her husband.
What is a consortium approach?
A consortium allows 2 or more businesses to combine their capabilities when developing and delivering a tender. The primary driver of a consortium approach is that it allows for greater economies of scale, efficiency and effectiveness.
What does consortium mean in business?
A consortium is a group made up of two or more individuals, companies, or governments that work together to achieving a common objective. Entities that participate in a consortium pool resources but are otherwise only responsible for the obligations that are set out in the consortium’s agreement.
What is the legal definition of consortium?
The marital alliance between a HUSBAND AND WIFE and their respective right to each other’s support, cooperation, aid, and companionship. Loss of consortium is an actionable injury for which money damages may be awarded. The COMMON LAW did not recognize a wife’s right to services on her husband’s part. …
What are the types of consortium?
Types of Consortia
- Multipurpose academic consortia.
- Technology-planning consortia.
- Local business- and industry-linked consortia.
- Research and academic library consortia.
- Scientific research and development consortia.
What is the benefit of consortium?
The consortium approach is advantageous because it allows stakeholders to leverage their combined resources, and industry expertise, to reach a wider audience and achieve more significant results.
Is a consortium a legal entity?
A consortium is not a legal entity by itself, the interests, rights and duties of the consortium are supported directly by the individuals or legal entities of the members of the consortium. A consortium is materialized by a contract called Consortium Agreement.
What is a consortium model?
A network of community-based agencies, including both public and private agencies, work together to coordinate and deliver services to the identified individuals. The providers within the consortium network provide an array of services across the continuum of care.
What is a consortium agreement?
Consortium Agreements allow students registered at more than one school in a given semester to receive the maximum amount of federal aid for which they are eligible considering registration at both schools.
Which is the best synonym for the word consortium?
Synonyms of consortium. a group of persons formally joined together for some common interest. a consortium for the prevention of animal cruelty. Synonyms for consortium. association, board, brotherhood, chamber, club,
What is the abbreviation for consortium of companies?
Not to be outdone, a consortium of companies led by Facebook is working on a new form of digital money called Libra, which is pegged to traditional currencies, and could offer the social network’s billions of users a new way to shop and pay.
What’s the difference between a consortium and an association?
An association or a combination, as of businesses, financial institutions, or investors, for the purpose of engaging in a joint venture. b. A cooperative arrangement among groups or institutions: a library consortium.
Which is an example of an international consortium?
Recent Examples on the Web And then there are the VPNs that are allegedly favored by ransomware gangs, to the point that an international consortium of law enforcement agencies takes them down completely.