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 ?
Journalists announced on Tuesday that they would continue their sit-in at the Press Syndicate until the recent crisis with the Interior Ministry is solved, after police forces stormed the syndicate last week and arrested two journalists.
AIG Multi-Line Syndicate; Anex Syndicate; Fairway Syndicate; Galleon Syndicate Corporation; GoldStreet Syndicate Corporation; IAT Syndicate; International American Syndicate; Johnson & Higgins Willis Faber Syndicate A, Inc.
Other syndicates whose horses made the frame last week include Queen Maeve Racing syndicate, with their seven-year- old Corskeagh Royale finishing third at Tipperary to record his seventh placing this season.
Syndicates are also softening the impact of newspaper cost-cutting by finding more clients beyond their traditional base of general-circulation dailies.
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.
But the fastest-growing crime syndicates in Southern California involve Russians, Armenians and people from Eastern European countries who came to Los Angeles in the decade since the fall of the Soviet Union, officials said.
The distrust of these associations was so strong that it had a negative effect on other voluntary associations: livestock insurance societies stood their best chance of survival in communes without anti-phylloxera syndicates.
TODAY we're giving every reader three Lottery Syndicate Tickets - that's three free chances to win the cool pounds 10million jackpot tonight.
The only way Names could lose money was if their insurance syndicate was forced to pay out more in claims than it took in as premiums.
The executive control over the legislative assembly as a forum for debate and the devising of laws, along with the existing restraints imposed on political action, were revealed to be insufficient following certain developments within the professional syndicates which date back several years.
For the 2012 year of account, Lloyd's Syndicate 570 (also managed by AUL) merged with syndicate 609.
The MPs called on the syndicate board to be more "flexible" while dealing with the situation.