Consortium Meaning and Definition
Consortium
Pronunciation
/ˈkɑn.sɔr.tiəm/
Part of Speech
Noun
Definition
A group of individuals, organizations, or companies working together towards a common goal or purpose, often formalized as a joint venture or partnership.
Examples
- The consortium of tech companies developed a new software platform.
- The university consortium aimed to improve healthcare research and development.
Synonyms
- Alliance
- Partnership
- Joint Venture
Antonyms
- Solitude
- Independence
Etymology
The word “consortium” comes from the Latin “consors”, meaning “partner” or “associate”, and the suffix “-ium”, indicating a group or collective.
Usage Notes
Consortium is often used in academic, business, and technical contexts to describe collaborations or partnerships among multiple entities.
Cultural References
The term consortium has been used in various cultural references, including films, literature, and music.
Idiomatic Expressions or Phrases
Some common idioms or phrases that include the word consortium include “in consortium” (meaning in partnership or alliance) and “a consortium of” (meaning a group of).
Related Words or Phrases
Words and phrases closely related to consortium include alliance, partnership, joint venture, and coalition.
Collocations
Common collocations with consortium include words such as “of”, “in”, “with”, and “together”, emphasizing the collaborative nature of the partnership.
Frequency of Use
The frequency of use of the term consortium has increased in recent years, particularly in the fields of business, technology, and academia.
Common Misspellings
Common misspellings of consortium include consortion, consortiums, and consortion.