Syndicate
(noun)
- A group of individuals or organizations who join together to achieve a common goal or to achieve a shared benefit.
- A group of people who work together to achieve a common purpose, especially in business or finance.
- A group of news organizations that work together to share information, resources and distribution.
- An organized criminal group that is involved in illegal activities, such as drug trafficking or extortion.
- An organization of banks or financial institutions that come together to underwrite and distribute securities.
Origin:
From the french word syndicat meaning "a trade union", from latin syndicus meaning "representative".
Examples:
- The syndicate of investors agreed to finance the new project.
- The syndicate of journalists shared information on the latest breaking news.
- The syndicate of criminals was involved in money laundering and other illegal activities.
- The syndicate of banks underwrote the issuance of new bonds.
- The syndicate of hunters were determined to bag the biggest game of the season.