(redirected from Purchasing Groups)
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.


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 ?
Non-traditional insurance solutions include claims-made liability insurance policies, risk purchasing group programs, captive and rent-a-captive insurance arrangements, and excess and surplus lines insurance placements.
Grillo: Nursing home purchasing groups probably wouldn't have much impact on pricing.
Isakowitz, a lobbyist at the National Federation of Independent Business, said the new purchasing groups were his top priority in the insurance legislation.
Assess the impact of early retirees' purchasing coverage from regional purchasing groups.
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.
Amendments to the risk retention act proposed in the third initiative would assure that risk retention and purchasing groups are controlled by their members.
Nasdaq:SONO), the world leader and specialist in hand-carried ultrasound at the point-of-care, today announced that HealthTrust Purchasing Group has awarded SonoSite a contract for portable ultrasound.
With such advantages in mind, some stand-alone facilities and smaller chains are forming partnerships with larger providers in order to participate in purchasing groups and customer-supplier alliances.
According to Curry, she will be responsible for negotiating contracts with national purchasing groups in all classes of trade for the midwest region.
During the hearing Susan Howard, associate undersecretary for economic affairs for the Department of Commerce, recommended amendments to the act that would ensure membership control of risk retention and purchasing groups; preserve single state regulation; tighten state regulation of purchasing groups; and improve disclosure requirements regarding purchasing groups and their insurers.
The Texas Department of Insurance (TDI) allows employers in similar businesses to form purchasing groups to help reduce their workers' compensation insurance premiums.
s involvement with multiple purchasing groups and alliances has allowed this not-for-profit organization to enrich its core services

Full browser ?