syndicate

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Syndicate

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.

syndicate

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)

syndicate

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 ?
TWO teenage members of one of Merseyside's biggest organised crime rings were today beginning custodial sentences.
1) Federal officials say this photo of anti-tank guns was shown to an FBI informant to advertise some of the weapons a Russian-Armenian crime ring could smuggle into the United States.
The nearly new cars, including a Mercedes and a pounds 30,000 BMW X5, were stolen to order by a crime ring for foreign customers and were ready for shipping in containers.
EIGHT Chinese people,accused of belonging to a crime ring that smuggled illegal immigrants from Asia to Britain, went on trial in the Netherlands yesterday.
The broad-shouldered Vin plays a womanising extreme sports star with a rock star personality who is recruited by the government to become a James Bond-style superspy and infiltrate a crime ring.
13 /PRNewswire/ -- The head of an organized- crime ring that sold methamphetamine in Bucks County and Northeast Philadelphia today was sentenced to 20-40 years in state prison, Attorney General Ernie Preate Jr.
GARDAI swooped on a suspected IRA crime ring yesterday in the biggest series of raids Ireland has ever seen.
Police believe the thieves, who struck on Saturday, could be part of a crime ring targeting the homes of wealthy people across the country.
A team of thieves believed to be part of a crime ring operating in the San Fernando Valley broke into three cars early Friday in Northridge and stole air bags worth up to $2,000 each, police said.
The last three from a 30-strong crime ring were yesterday sentenced at Liverpool Crown Court at the culmination of a police operation, code-named Turbo.
With a gun pointed at his head, Adi Mateen - whose crime ring seems to consist entirely of a few impressionable kids at the snooker hall - is forced to reveal his true identity.
Police believe the thieves, who struck on Saturday evening, could be part of a crime ring targeting the homes of wealthy people across the country.

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