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syndicate definition - legal

n

A group of corporations that band together for a single enterprise that each alone would be unwilling or incapable of performing. For example, it took a syndicate of motor vehicle makers and aircraft companies to produce AmericaÂ’s warplanes of World War II. In the negative sense it is used to denote organized crime.

v

To organize into a syndicate or to sell shares in. 

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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