syndicate
A syndicate is a group of individuals or organizations that come together to work towards a common goal, often in business or finance. For instance, several companies might form a syndicate to pool resources and share risks when financing a large project, such as a real estate development or film production. This collaboration allows them to leverage their combined expertise and capital, making it easier to achieve objectives that might be too challenging or costly to undertake individually. Syndicates are common in various industries, including investment, journalism, and crime, where the term can take on different connotations.
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A syndicate is a group of individuals or organizations that come together to achieve a common goal, often in business or finance. This collaboration allows members to pool resources, share risks, and leverage combined expertise. Syndicates commonly form for ventures like investments, insurance, or managing a project, allowing participants to access opportunities that may be too large or risky for them to handle alone. By working together, syndicate members can enhance their chances of success while minimizing individual exposure to potential losses.