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 ?
Pacini will work to enhance and extend CAP's core businesses, MPT and the CAPAssurance Risk Purchasing Group, which provide access to superior medical professional liability protection, patient safety education, and risk management services.
The contract is for the purchase of electricity for participants Starogardzka Purchasing Group for a total estimated volume (during the contract period) approx.
As part of the Duke of Edinburgh Award Joseph has volunteered in the local community by providing football coaching for a group of local under 11s, developed his own sporting skills, and also created a local oil purchasing group.
Dennis Jungmeyer, longtime president of the Arkansas Automobile Dealers Association, is also president of Bravo, the purchasing group that will provide QualChoice coverage to ASAE's 130 member organizations and the employers who are members of those associations.
Respondents Carl and Stephen Thomas solicited members of the Purchasing Group to buy First Western shares on various occasions, including at the conclusion of Carl Thomas's Bible study meetings.
For example, we have seen liability insurance offered to camps through risk purchasing groups with limits of liability for sexual abuse and molestation as low as $25,000.
Last, the center would establish insurance programs and risk retention or purchasing groups to reduce costs and increase insurance availability.
Through its five business units, Parallon provides revenue cycle and business process expertise, workforce management solutions, supply chain services, complete information technology services and purchasing expertise of HealthTrust Purchasing Group, which serves approximately 1,400 hospitals and 11,000 non-acute care providers.
The city is requesting all local vendors to join the purchasing group.
In addition to Rick's current responsibilities as Managing Director of the BIOCOM Purchasing Group, he will manage BIOCOM membership and development initiatives as well as enhance the value proposition for potential members and sponsors.
DeWitt Stern has set up a special Risk Purchasing Group that covers more than 100 co-ops and condos represented by Andrews.
Members are also eligible for the AFA's purchasing group, through which they can receive cost benefit discounts on merchandise.

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