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 ?
The Asia business accounted for less than 3% of Syndicate 1200 gross written premium in 2018.
In the syndicate's financial transactions, he said, Paolo Duterte was referred to as Polo Delta-TSG01.
Moreover, Seham Saleh, the deputy of the Media Syndicate, criticised the list and stated to local media that it is contrary to the Media's Syndicate Law.
Two of the Chinese men, believed to have refused to work for the syndicate, were found with bruises and bodily injuries and their legs tied in one of the room.
A source said that Dr Iqrar, who approved the house requisition earlier at a meeting of the Finance and Planning Committee, also joined hands with other members at the syndicate meeting.
The Syndicate took serious notice of the subversive activities of Sociology Professor Mian Ghulam Yasin.
In addition, the Syndicate approved the launching of an evening program (certificate, diploma and MSc) in Military Sciences and Management.
Riachi's new proposal will allow, for example, a journalist to become a TV reporter without leaving the syndicate. "All the journalist will have to do is let the syndicate know that they have transferred from a print desk to the TV desk," Riachi said.
She joins from Banca Itau, where she was at the fixed-income syndicate desk in London.
The China Re Syndicate (Syndicate 2088) will underwrite a diversified book of business, initially focusing on reinsurance.
Jubilant Alan Edwards is one of a 10-strong Rhondda lottery syndicate who have collectively clinched a very welcome PS104,798.
LAHORE -- Punjab University Syndicate on Saturday approval to lease 50 kanals of its land for a period of 30 years to a private bus company for establishing a multipurpose complex.

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