syndicate

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

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 ?
A risk purchasing group differs from a risk retention group, which is also authorized by the Risk Retention Act.
Purchasing groups provide advantages for their members, their insurers, and the agents and brokers who administer the group programs.
In 1993, as part of his ambitious plan to guarantee coverage for all Americans, Clinton wanted to establish health insurance purchasing groups in every state.
Several members of the subcommittee expressed concern about the regulation of risk retention and purchasing groups to ensure solvency and subsequent payments.
A safety program with a comprehensive safety manual designed specifically for the home builder is delivered to every policyholder in the THB-WC Purchasing Group.
In today's long-term care business climate, 1 suggest that it is wise to take advantage of partnerships with purchasing groups and alliances, regardless of whether your organization is not-for-profit or for-profit.
DALLAS -- The Texas Green Industry Workers' Compensation Purchasing Group (TGI) provides a competitive option for workers' compensation coverage for every qualifying member of the Texas Green Industry: landscape and irrigation contractors, nurseries, and growers.
VHA and UHC members purchase as much as $180 million in suture products annually and represent one of the largest purchasing groups in the United States for these products.
Together, they represent over 80 years experience in placing medical devices and medical supplies in hospital purchasing groups across the United States.
We can offer options such as purchasing groups, captives, and Alternative Risk Transfer methods, among others, that are very industry specific.
For a list of qualifying TDI classification codes for the Texas Green Industry Group or for more information about Texas Mutual(R) purchasing groups in general, go to www.
DRM's mission is to provide its customers, including distributors, manufacturers, brokers, purchasing groups and operators, with best of breed business intelligence tools that improve their ability to make critical decisions.

Full browser ?