German word

Konsortium

Pronunciation

IPA/kɔnˈzɔʁtsi̯ʊm/

Meaning

  • neuter nounconsortium

Example

Ein Konsortium aus drei Firmen baut die Anlage.

A consortium of three companies is building the facility.

Illustration for Konsortium (consortium)

More examples

Mehrere Firmen wollen ein Konsortium gründen, um das Projekt zu finanzieren.

Several companies want to establish a consortium to finance the project.

Core concept

Several companies stand behind one major project as a single organized team.

Common phrases

  • ein Konsortium gründen

    establish a consortium

  • einem Konsortium beitreten

    join a consortium

  • mit einem Konsortium kooperieren

    cooperate with a consortium

Similar words

Zusammenschluss: A group formed when several parties unite for a common purpose.
Kooperation: Working together while sharing roles to achieve a shared goal.
Joint Venture: A business jointly established and funded by two or more parties.
Arbeitsgemeinschaft: A work group formed by companies to carry out a specific project.

Definition in German

Zusammenschluss mehrerer Unternehmen zur gemeinsamen Durchführung eines bestimmten Projekts, wobei sie Verantwortung, Risiko und Kosten teilen

Word origin

German Konsortium comes from Latin consortium, meaning partnership or fellowship, from consors, a person sharing a lot or responsibility.

Usage tips

  • Konsortium is neuter, with the plural Konsortien: das Konsortium, die Konsortien.

Other meanings

  • joint venturenoun
  • business alliancenoun

Opposites

  • Alleinanbietersole providernoun
  • Einzelbetriebsingle-company operationnoun

Related words

  • Konsortialkreditsyndicated loannoun
  • Konsortialbankconsortium banknoun
  • konsortialconsortium-basedadjective

Word lists with this word