noun
- The act or process of combining separate things into a single, unified whole.
- The process of making something stronger or more stable; strengthening.
- In business and finance, the combining of two or more companies or financial accounts into one.
Usage: business/finance
Examples
- The consolidations of the three smaller firms created a stronger competitor in the market.
- After the merger, consolidations of the accounting departments reduced overhead costs.
- The government approved the consolidations of several school districts to improve efficiency.
- Financial consolidations helped the company streamline its operations.
- The consolidations of their debts into a single loan made monthly payments more manageable.
- Military consolidations strengthened the nation's defensive position.
- The consolidations of data from multiple sources provided a clearer picture of customer behavior.