Syndicate

(redirected from syndicates)
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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
Some of the articles of the list raised a lot of objection and rejection on a large scale among the Egyptian press community, especially after its official release, Rashwan noted, and asserted that the syndicate only has the right to hold accountable its members for their behaviour during the performance of their profession.
The board revealed that Lloyd's syndicates accepted 29.6 percent of in-scope risks via the PPL platform during the third quarter, while 29 percent of London market companies (represented by the International Underwriting Association) accepted an average of 29 percent of in-scope risks.
'This issue against us is being manipulated by the drug syndicates in order that it will be diverted away from them.
The government has finally succeeded to end syndicate in the public transportation sector.
"More importantly, we are gratified by the continued support and commitment of the syndicates who will be going forward with us."
Safar's remarks came during a meeting with head and members of theCouncil of Syrian Doctors Syndicate.
Best's opinion, syndicate 510 has a strong business profile within the Lloyd's market as a specialist underwriter in its core areas: short-tail property, marine, political risks, aviation, accident and health and reinsurance.
Creators Syndicate announced late Wednesday that it has reached an agreement with Copley Press to buy Copley News Service (CNS).
He added that an extended reporting period was also well suited to syndicates that could have different capital providers in each of the three years of account.
Lloyd's said the fall was due to big companies buying up syndicates and merging them, and added that there had been more syndicates in the past as a result of more names investing in the market.
Lloyd's said the fall was due to big companies buying up syndicates and merging them and added that there had been more syndicates in the past as a result of more names investing in the market.