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English definition of “consortium”

consortium

noun [C] uk   /kənˈsɔː.ti.əm/ us    /-ˈsɔːr.t̬i-/ (plural consortiums or consortia   //   )
an organization of several businesses or banks joining together as a group for a shared purpose: a consortium of textile manufacturers
(Definition of consortium from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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