The phrase “consortium” is pronounced with the stress on the second syllable, like “con-SOR-tium.” It’s a noun that refers to a bunch of people or organizations that work collectively on a selected undertaking or enterprise.
Consortiums are sometimes fashioned when a number of entities have complementary abilities or sources that may be mixed to realize a standard purpose. For instance, a consortium of banks would possibly come collectively to supply financing for a big infrastructure undertaking, or a consortium of universities would possibly collaborate on analysis in a selected discipline.
