consortia Definition
an association, typically of several business companies.
Using consortia: Examples
Take a moment to familiarize yourself with how "consortia" can be used in various situations through the following examples!
Example
The two companies formed a consortium to bid for the contract.
Example
The consortium aims to promote research and development in the field of renewable energy.
Example
The consortium of banks agreed to provide a loan to the startup.
consortia Synonyms and Antonyms
Synonyms for consortia
Phrases with consortia
consortium agreement
a legal agreement that outlines the terms and conditions of a consortium
Example
The consortium agreement specifies the responsibilities of each member and the distribution of profits.
academic consortium
a group of academic institutions that collaborate on research and educational programs
Example
The Ivy League is an academic consortium of eight prestigious universities in the United States.
consortium bidding
a process where multiple companies join together to submit a joint bid for a contract or project
Example
Consortium bidding allows smaller companies to compete for large contracts that they would not be able to handle alone.
Origins of consortia
from Latin 'consortium', meaning 'partnership'
Summary: consortia in Brief
The term 'consortia' [kənˈsɔːtiə] refers to an association of multiple business companies, often formed to bid for contracts or promote research and development. It can also refer to academic consortia or consortium bidding. 'Consortia' is a formal term synonymous with 'partnership' and 'alliance.'
