The Open Dictionary

consortium

noun

UK/kənˈsɔː.ti.əm/
US/kənˈsɔːr.ʃə/

Definitions of consortium noun

  1. Countable

    A group of companies or banks that have joined together for a shared purpose.

    • A consortium of tech companies is bidding for the contract.

    • The consortium has announced their investment in the new airport project.

    • Several construction firms formed a consortium to complete the large-scale development.