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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.

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


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 ?
The syndicators -- firms like Richman or National Equity Fund -- aggregate capital and serve as intermediaries between developers and investors.
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But many other readers (as well as cartoonists and "Non Sequitur" syndicator Universal Press Syndicate) noted that the strip was obviously ridiculing racism, not endorsing the racist KKK in any way.
HandHeld Entertainment Inc (Nasdaq:ZVUE), a digital entertainment company, announced on Tuesday (11 September) that the company has entered into an agreement with Mojo Supreme to provide video clips from, a producer, publisher and syndicator of web video.
Jim Chabin emphasized his desire to transform PROMAX & BDA into a conference for syndicators. He's banking on the resurgence of the syndicator business with Fox's Susan Kantor and Sony's Robert Oswaks acting as co-chairs for a committee providing syndicator feedback to the board.
Loudeye Technologies, Inc., a provider of services and infrastructure for the authorized delivery of digital content, announced it has acquired certain assets of theDial, the Seattle-based creator and syndicator of original, online radio programming.