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 ?
Authorities are still looking for five other men they consider to be main players in the crime ring, although Gualtieri said hundreds of others may have participated in the scheme over the years.
After identifying the crime ring, Quito's special police forces began putting immense pressure on the kidnappers, and were able to secure Rotem's release after four days in captivity.
Hashim Thaci, Kosovo's prime minister, has said he will sue a Council of Europe investigator over a report that alleged he led an organised crime ring that trafficked human organs across eastern Europe.
THE suspected head of a global crime empire was arrested yesterday at a mansion in Spain as security chiefs claimed a vast international crime ring had been ripped apart.
POLICE have arrested 12 people after smashing an alleged organised crime ring in Warwickshire.
The District Attorney says a major crime ring that forged land and property titles has been broken up and its members placed under arrest, reports DR1 Daily News (Dec.
Forest Service recently announced their suspicions that an international crime ring was responsible for hidden pot farms, they had several helpful suggestions for campers in the countryside, including instructions to steer clear of people who eat tortillas and/or Spam, drink Tecate, play Latin music and speak Spanish.
Edited by Zeid Nasser Thirty-eight people were charged Monday with stealing names, Social Security numbers, credit card data and other personal information from unsuspecting Internet users as part of a global crime ring.
Jenks, 55, last week, prosecutors maintained that he helped operate a gambling business tied to an organized crime ring in which 13 men and women have been indicted by a federal grand jury.
NRF's warning comes on the heels of a high profile bust of an organized retail crime ring in Florida that may have stolen more than $100 million in health and beauty items over a five-year period.
Choicepoint was accused of selling the personal information of 163,000 people to an identity theft crime ring.
Five members of a Russian-Armenian organized crime ring have been indicted in connection with a $20 million Medicare fraud conspiracy that operated out of clinics and labs in L.

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