The phrase “consortium” is pronounced with the stress on the second syllable, like “con-SOR-tium.” It’s a noun that refers to a gaggle of people or organizations that work collectively on a selected venture or enterprise.
Consortiums are sometimes shaped when a number of entities have complementary expertise or assets that may be mixed to attain a standard objective. For instance, a consortium of banks would possibly come collectively to offer financing for a big infrastructure venture, or a consortium of universities would possibly collaborate on analysis in a selected area.
