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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.


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)


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 ?
Learning Point: Despite their reputation for superior coverage, proposals from risk purchasing groups must be carefully reviewed just like any other proposal.
The Purchasing Group acquired their First Western shares between August 1997 and the end of February 1998, with the largest concentration of shares purchased in October 1997.
For members, the purchasing group offers tailor-made coverage, broader coverage terms, lower rates, loss control and risk management programs, and often provides rewards for good loss experience, such as dividends in the form of credits against premium.
DeWitt Stern writes a package of insurance for participants in the purchasing group that covers real property for the typical losses caused by fire, storm, water or vandalism; the personal properly of the building (i.
He did, however, say the NAIC favored provisions that required minimum financial requirements regarding purchasing group insurers and possibly risk retention groups.
Contract notice: Comprehensive supply of methane natural gas (group e) for the purpose of purchasing group,
The Home Insurance Companies recently entered into an agreement with the RSA Purchasing Group (RSAPG) to provide lead-based paint liability protection to its New York based membership on a group basis.
Small black-owned businesses that are victims of redlining should find it easier to obtain coverage in a small business purchasing group like the one in the BentsenDurenberger bill.
This relationship with Premier, which has become our primary purchasing group, has been extremely beneficial.
Douglas Elliman has created a separate insurance purchasing group for owners and managers of real estate not managed by Douglas Elliman.

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