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An association of individuals formed for the purpose of conducting a particular business; a Joint Venture.

A syndicate is a general term describing any group that is formed to conduct some type of business. For example, a syndicate may be formed by a group of investment bankers who underwrite and distribute new issues of Securities or blocks of outstanding issues. Syndicates can be organized as corporations or partnerships.Newspaper or press syndicates came into existence after the Civil War. A press syndicate sells the exclusive rights to entertainment features, such as gossip and advice columns, comic strips, and serialized books, to a subscribing newspaper in each territory. These "syndicated" features, which appear simultaneously around the United States, can generate large sums for the creators of the features and for the syndicate that sells them. Similarly, when television programs are syndicated, one station in each television market is allowed to broadcast a popular game show or rebroadcast a popular network series. A syndicated show may be televised at different times depending on the schedule of the local station. In contrast, on network television, a program is televised nationally at one scheduled time.

The term syndicate is also associated with Organized Crime. In the 1930s, the term crime syndicate was often used to describe a loose association of racketeers in control of organized crime throughout the United States. For example, the infamous "Murder, Inc." of the 1930s, which was part of a national crime syndicate, was founded to threaten, assault, or murder designated victims for a price. A member of the crime syndicate anywhere in the United States could contract with Murder, Inc., to hire a "hit man" to kill a person.


n. a joint venture among individuals and/or corporations to accomplish a particular business objective, such as the purchase, development, and sale of a tract of real property, followed by division of the profits. A joint venture, and thus a syndicate, is much like a partnership, but has a specific objective or purpose after the completion of which it will dissolve. (See: joint venture)


noun alliance, association, cartel, combine, company, consortium, council, federation, guild, league, machine, merger, organization, partnership, pool, ring, societas, union
See also: act in concert, alliance, amalgamate, association, business, cartel, coalition, combine, committee, compact, confederacy, consortium, corporation, enterprise, federation, institute, merger, organization, partnership, pool, trust
References in periodicals archive ?
25 percent of the debt provided by the banking syndicate, for
Strukton and the banking syndicate each grant a[euro]10 million bridge loan, both to be repaid from the net proceeds of a[euro]20 million rights issue, which will be underwritten by Strukton and the banking syndicate
Also, the banking syndicate includes Credit Agricole, Deutsche Bank, ING Bank, Natixis, Standard Bank, Sumitomo Mitsui Banking Corporation and Society Generale CIB.
Petroflow continues to work with its banking syndicate on its financial condition under the current forbearance agreement.
There are more than 80 banking, investment and financing value elements that members can derive from participation in a banking syndicate.
Statements in this news release that are not historical facts, including but not limited to those related to confidence of Carrizo's banking syndicate in Carrizo's assets and business strategy, financial flexibility, 2009 capital expenditure budget and credit commitments from additional banks are forward-looking statements that are based on current expectations.
as Agent for its banking syndicate, on an amendment to its bank line of credit and has tentatively agreed to a proposed term sheet.
15 /CNW-PRN/ - Assante Corporation (``Assante''), a leading provider of integrated wealth and life management services today announced that it has concluded arrangements with a Canadian banking syndicate for a US $50 million revolving credit facility.
CSII, with the support of Cabovisao's banking syndicate and of Catalyst Fund Limited Partnership I, the Amended Plan sponsor, is presently working to implement its Amended Plan, which provides, among other things, for no distribution to be made to the existing shareholders.
The issue will be launched by a banking syndicate under the lead of Deutsche Bank, Dresdner Bank and Warburg Dillon Read.
In the interim, the banking syndicate will provide the Company with a US$5 million working capital line.
Paperny granted the Banking Syndicate's application to lift the stay of proceedings under the Companies' Creditors Arrangement Act (``CCAA'') and allow the Banking Syndicate to enforce their security.