Consortium

a consortium (v. lat.: consors, - rtis = fate comrade) is a limited combination of two or more legally and remaining economically independent enterprise (z. B. Banks, enterprises or buyers) for the guidance of a common, exactly defined business. Consortia become frequently the realizationof large-scale projects based. The mutual obligations are agreed upon in a Konsortialvertrag. A consortium does not have to go compellingly as such into action. At the so-called quiet consortium it is not well-known the client that it concerns a consortium.

The participants are called Konsorten. In the transferred sense of wordthe term Konsorten has also a verächtliche meaning, for instance from unreliable Gelichter. In order to avoid this Beiklang, instead of Konsorten also Konsortialpartner is said.

see also

Wiktionary: Consortium - word origin, synonyms and translations
 

  > German to English > de.wikipedia.org (Machine translated into English)