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 ?
On its website, the Press Syndicate published a memorandum of clarification in which it accounted for the events.
He said the syndicate committee violates many rules.
Shes Our Mark, the remarkable mare who has won EUR350,000 for her owners, the B & M Syndicate
The syndicate urged all lawyers to refrain from attending any court session at the Justice palace as of Monday.
So syndicates have to fight hard to keep feature cancellations to a minimum and come up with new sales.
He added that an extended reporting period was also well suited to syndicates that could have different capital providers in each of the three years of account.
And playing our Triple Chance Lottery Syndicate couldn't be easier.
Luessenhop is indeed an "insider," one of the thousands of American sponsors of Lloyd's insurance syndicates who lost money, and she is out to expose the perpetrators.
Observers of the Egyptian scene have regarded syndicate political activities as part of an emerging civil society; a development which is generally viewed in positive terms.
The syndicate's ratings reflect the financial strength of the Lloyd's market, which underpins the security of all Lloyd's syndicates.
The MPs called on the syndicate board to be more "flexible" while dealing with the situation.
Among the victors included Model County Lass who is progressing as a talented bumper performer for trainer Colin Bowe and the White Gold syndicate who hail from Bree, Adamstown and Ferns in the area around Enniscorthy.

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