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 classic literature ?
Now for instance, they were having winter racing in New Orleans and a syndicate was laying out each day's program in advance, and its agents in all the Northern cities were "milking" the poolrooms.
Don Carlos, no doubt, must have had many queer friends (it is the common lot of all Pretenders), but amongst them none more extravagantly fantastic than the Tremolino Syndicate, which used to meet in a tavern on the quays of the old port.
As the sea-going member of the syndicate (whose plans depended greatly on Dona Rita's information), I used to be charged with humbly affectionate messages for the old man.
The paper was stamped American Embassy,' and it was the digest of several opinions as to the effect of the new patent law upon the import of articles manufactured under processes controlled by the Coulson & Bruce syndicate.
There's the Alameda & Contra Costa Land Syndicate, the Consolidated Street Railways, the Yerba Buena Ferry Company, the United Water Company, the Piedmont Realty Company, the Fairview and Portola Hotel Company, and half a dozen more that I've got to refer to a notebook to remember.
If he wasn't great, would he have charge of the law business of the Sierra Mills, of the Erston Land Syndicate, of the Berkeley Consolidated, of the Oakland, San Leandro, and Pleasanton Electric?
His mind was full of a prospective deal with a Chicago syndicate for the sale of all his street railways in that city, and so he went on dictating to the stenographer, never giving it a second thought.
For the past decade, the website has advised readers on how lottery syndicates can be a sure-fire way for them to improve their chances of winning.
The heads of 14 professional syndicates and their office bodies held a meeting on Saturday at the Egyptian Syndicate of Engineers to launch the Alliance of Professional Syndicates.
A RELATIVELY quiet week for Irish syndicates, with only two groups visiting the winner's enclosure.
THE number of syndicates operating at Lloyd's of London has fallen despite the insurance market increasing its underwriting capacity to a record level.