consolidation Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “consolidation” in the English Dictionary

"consolidation" in Business English

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consolidationnoun [C or U]

uk   us   /kənˌsɒlɪˈdeɪʃən/
the ​situation in which two or more things, for ​examplecompanies or ​organizations, are ​joined together: Greater ​marketshare can be ​achieved in the ​longterm through industry consolidation. The ​takeovers came amid a ​wave of consolidation as the so-called Big Oil ​companies gobbled up ​competitors. We have recently seen a consolidation of ​booksellers and ​distributors.consolidation of sth and sth (into sth) the consolidation of the ​repair and ​serviceoperations into one ​department The ​company can ​offer various ​options for the consolidation of your ​outstandingdebts.
the ​process of becoming or of making something ​stronger or more ​successful: Efforts are being ​focused on the consolidation of their ​position as a ​majorplayer in the ​telecomsmarket.
ACCOUNTING the ​process of ​combining the ​accounts of a ​group of ​companies in one set of ​figures: This ​report contains a consolidation of the group's ​accounts for the ​financialyear 2011-2012.
TRANSPORT the ​process of putting ​items together in ​order to ​send or ​transport them: Consolidation can significantly ​reduce the ​cost of ​movingsmallervolumes of ​goods.
(Definition of consolidation from the Cambridge Business English Dictionary © Cambridge University Press)
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“consolidation” in Business English

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