An association or combination of businesses, financial institutions, or investors, formed to engage in a joint venture or to pool resources for a common purpose. noun
The consortium of banks agreed to finance the new infrastructure project.
Several technology companies formed a consortium to develop new industry standards.
A group of organizations or individuals that collaborate to achieve a specific goal, often in research or education. noun
The university joined a consortium of research institutions to study climate change.
The consortium of schools worked together to improve educational outcomes in the region.
In legal terms, the right of association and companionship with one's spouse, often used in the context of claims for loss of consortium in personal injury cases. noun
The plaintiff sought damages for loss of consortium after the accident left her husband incapacitated.
Loss of consortium claims are often filed alongside personal injury lawsuits.