syndicate

/ˈsɪndɪkeɪt/

Definitions

1. noun

An association of individuals or companies for the purpose of promoting and regulating a particular industry or profession; a cartel or trust.

“The government accused the oil syndicate of price-fixing.”

2. verb

To associate or join together in a syndicate, especially for a particular purpose or industry.

“The investors decided to syndicate the new project to raise more funds.”

3. verb

To provide financial support or backing for a project or venture, especially in the form of a loan or investment.

“The bank syndicated the loan to multiple investors to share the risk.”

Synonyms

  • cartel
  • combine
  • concern
  • trust

Antonyms

  • competition
  • monopoly