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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 ?
The syndications group is a strategic unit in First Union capital markets organization.
92-1, which is an established source of GAAP for income recognition from syndication activities--efforts to directly or indirectly sponsor the formation of limited partnerships, trusts, joint ventures or entities acquiring interests in real estate by raising funds from investors.
The appointments of these individuals to new roles in our Loan Syndications Group are well deserved and, I am certain, will strengthen Calyon's presence in the debt markets in the Americas," said Mr.
Schwimmer spent 15 years at JP Morgan Chase in Corporate Banking and Loan Syndications in various capacities where he was responsible for originating, structuring and syndicating leveraged loans, including cash flow and asset-based loans along with junior debt such as mezzanine and high yield securities.
In addition, it provides capabilities in project finance, acquisition finance, real estate finance, securitization, syndications, derivatives, foreign exchange, fixed income and ABS origination and distribution, as well as comprehensive advisory services and capital market solutions.
Spencer is another important addition to our loan syndication team," said Barbara Kellc, Managing Director and Head of Calyon's Loan Syndication Group.
Jean-Louis Duguit, Global Head of Syndications, echoed Whalen's comments and stated, ``We look forward to supporting John's efforts in bringing the global reach and expertise of BNP Paribas to the valued clients he will serve.
Trapp will report to Barbara Kellc, Managing Director and Head of the Loan Syndications Group.
4 billion in syndications and underwriting for 2,264 companies in 132 developing countries.