A syndicate is a self-organizing group of individuals, companies, or entities formed to transact some specific business or to promote a common interest. It may also facilitate criminal activity and organized crime. The term is sometimes associated with anarchist theory, specifically anarcho-syndicalism, which represents an alternative to both the nation state and capitalist corporations. Syndicate comes from the French word syndicat, meaning trade union (syndic meaning administrator). The word can be further traced to the Latin syndicus and the Greek σ (syndikos), which refers to a caretaker of an issue and is comparable in meaning to ombudsman or representative .
Syndicate
A syndicate is a self-organizing group of individuals, companies or entities formed to transact some specific business or to promote a common interest.
In finance, a group of banks lending a (usually) large amount of money to a single borrower for a specific purpose is referred to as a bank syndicate, or often simply as a syndicate.
A joint venture (JV) is a business agreement in which parties agree to develop, over a specific period of time, a new entity and new assets by contributing equity. The parties exercise control over the enterprise and consequently share revenues, expenses and assets. Other types of companies include JV limited by guarantee, in which partners hold shares.
In the case of individuals, when two or more persons come together to form a temporary partnership for the purpose of carrying out a particular project, the partnership may be called a joint venture and the persons referred to as co-venturers.
The venture may concern one specific project, in which case the JV is referred to more correctly as a consortium; alternatively, it may represent an ongoing business relationship. The consortium JV (also known as a cooperative agreement) is formed when one party seeks technological expertise or technical service arrangements, franchise and brand use agreements, management contracts, or rental agreements for one-time contracts. The JV is dissolved when the goal is reached.