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English definition of “syndicate”

syndicate

noun [C]     /ˈsɪndɪkət/ FINANCE
a group of people or organizations who join together to share the financial risk involved in achieving something: A syndicate of banks is financing the deal. a banking/property syndicate
→ See also Lloyd's syndicate, loan syndicate, underwriting syndicate
(Definition of syndicate noun from the Cambridge Business English Dictionary © Cambridge University Press)
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