How do you use the word consortium?

Consortium in a Sentence 🔉

When the consortium of doctors from across the globe meet, its members will discuss the best way to contain the virus.
Acting as a consortium, the citizens in the poor district worked together to renovate their schools.

What’s another word for consortium?

What is another word for consortium?

association	league
institution	fellowship
group	order
brotherhood	confederation
syndicate	institute

Who is consortium partner?

Consortium Partner means, in relation to any Declared Contract or Insured Contract, any company, person or other legal entity (other than the Insured) which is a party to any written joint venture, consortium or.

What is a consortium fee?

Most consortiums charge companies an annual fee AND charge every time they take a drug test. This means a consortium may select A LOT more than the required testing because they make money on EVERY TEST. DotStop charges an annual fee, but only requires the company to pay for the collection or BAT when they test.

How is a consortium formed?

A consortium is formed by contract, which delineates the rights and obligations of each member. A joint venture (often abbreviated as JV) is an entity formed between two or more parties to undertake economic activity together. A consortium is easy to form and easy to execute.

Is a consortium a legal entity?

A consortium is not a legal entity by itself, the interests, rights and duties of the consortium are supported directly by the individuals or legal entities of the members of the consortium. A consortium is materialized by a contract called Consortium Agreement.

What consortia means?

A consortium is a group made up of two or more individuals, companies, or governments that work together to achieving a common objective.

What does Consortion mean?

Consortion meaning (obsolete) Fellowship; association; companionship. noun.

What is the purpose of consortium?

A consortium is a group made up of two or more individuals, companies, or governments that work together to achieving a common objective. Entities that participate in a consortium pool resources but are otherwise only responsible for the obligations that are set out in the consortium’s agreement.

What does the name consortium mean?

Definition of consortium 1 : an agreement, combination, or group (as of companies) formed to undertake an enterprise beyond the resources of any one member A consortium of researchers decoded the honeybee genome. 2 : association, society

What does consortium mean in Latin?

Consortium is a Latin word, meaning “partnership”, “association” or “society” and derives from consors ‘partner’, itself from con- ‘together’ and sors ‘fate’, meaning owner of means or comrade.

What is the adjective for consortium?

is that consortium is an association or combination of businesses, financial institutions, or investors, for the purpose of engaging in a joint venture while collaborative is (management) an organized group of people or entities who collaborate towards a particular goal. As an adjective collaborative is of, relating to, or done by collaboration.