noun
- plural of consortium; groups of organizations or companies that work together on a project or business venture
Usage: business; formal
Examples
- Several consortiums bid on the major construction project.
- The research was funded by multiple international consortiums.
- Banking consortiums often share the risk of large loans.
- Technology consortiums collaborate to develop industry standards.
- The oil exploration project involved three separate consortiums.
- University consortiums allow students to take courses at partner schools.