A consortium is an association of two or more individuals, companies, organisations or governments (or any combination of these entities) with the objective of participating in a common activity or pooling their resources for achieving a common goal. A professional body or professional organization is an organisation, usually non-profit, that exists to further a particular profession, to protect both the public interest and the interests of professionals. ...

Consortium is a Latin word, meaning 'partnership, association or society' and derives from consors 'partner', itself from con- 'together' and sors 'fate', meaning owner of means or comrade. Latin is an ancient Indo-European language originally spoken in Latium, the region immediately surrounding Rome. ...

Economics

Each participant retains its separate legal status and the consortium's control over each participant is generally limited to activities involving the joint endeavor, particularly the division of profits. A consortium is formed by contract, which delineates the rights and obligations of each member. A contract is a promise or an agreement made of a set of promises. ...

Consortia are more common in the nonprofit sector. For example, Five Colleges, Inc. is one of the oldest and most successful consortia in the United States. The participants in Five Colleges, Inc. are: Amherst College, Hampshire College, Mount Holyoke College, Smith College, and the University of Massachusetts at Amherst. Another example of a successful consortium is the Five Colleges of Ohio of Ohio: Oberlin College, Ohio Wesleyan University, Kenyon College, College of Wooster and Denison University. These consortia have pooled the resources of their member colleges and the university to share human and material assets as well as to link academic and administrative resources. A nonprofit organization (abbreviated NPO, or non-profit or not-for-profit) is an organization whose primary objective is to support some issue or matter of private interest or public concern for non-commercial purposes. ... The Five Colleges are affiliated colleges in the Connecticut River valley of western Massachusetts, belonging to a consortium called Five Colleges, Incorporated. ... Amherst College is an elite independent liberal arts college in Amherst, Massachusetts, USA. It is the third oldest college in Massachusetts. ... Hampshire College is an experimenting private liberal arts college in Amherst, Massachusetts. ... Mount Holyoke College, (founded as Mount Holyoke Female Seminary 8 November 1837), is a liberal arts womens college in South Hadley, Massachusetts. ... Smith College, located in Northampton, Massachusetts, is the largest womens college in the United States. ... To meet Wikipedias quality standards, this article may require cleanup. ... The Five Colleges of Ohio is an academic consortium of five selective private liberal arts colleges in the U.S. state of Ohio. ... Oberlin College is a small, selective liberal arts college in Oberlin, Ohio, in the United States. ... , Ohio Wesleyan University (also Wesleyan or OWU, pronounced oh-WOO) is a private coeducational liberal arts college located in Delaware, Ohio. ... Kenyon College is a private liberal arts college in Gambier, Ohio, founded in 1824 by Bishop Philander Chase of the The Episcopal Church, in parallel with the Bexley Hall seminary. ... The College of Wooster is a liberal arts college with fewer than 2000 students located in Wooster, Ohio, in Wayne County, Ohio. ... Denison University is a private liberal arts and sciences college in Granville, Ohio, approximately 30 miles (50 km) east of Columbus. ...

An example of a for-profit consortium was Airbus Industrie ("Airbus"). Formed in 1970, Airbus is one of the world's premier manufacturers of civilian airliners. Airbus is now owned by EADS. EADS itself is a merger of Aérospatiale-Matra of France, Daimler-Chrysler Aerospace of Germany, and Construcciones Aeronáuticas of Spain, which were originally separate partners in the consortium, owning 37.9%, 37.9%, and 4.2%, respectively. BAE Systems owned the remaining 20% but sold this in 2006. Airbus' status as a consortium means that profits accrue to the partner companies representative to their interests. Work is allocated on the same basis as profits. Airbus S.A.S. is a leading aircraft manufacturer based in Toulouse, France. ... The European Aeronautic Defence and Space Company EADS N.V. (EADS) is a large European aerospace corporation, formed by the merger on July 10, 2000 of Aérospatiale-Matra of France, Construcciones Aeronáuticas SA (CASA) of Spain, and DaimlerChrysler Aerospace AG (DASA) of Germany. ... Aérospatiale-Matra was a European missile and aircraft manufacturer. ... Luftwaffe Tornado ECR Deutsche Aerospace AG Daimler-Benz Aerospace AG DaimlerChrysler Aerospace AG Founded May 19, 1989 as Deutsche Aerospace AG, bundling space and aeronautic elements of Daimler-Benz (including Dornier Luftfahrt), Messerschmitt-Bölkow-Blohm (MBB), MTU München, and Telefunken Systemtechnik (TST) In 1992, the helicopter division was... CASA Jungmann, built in 1957. ...

Another example of a for-profit consortium is when a group of banks colloborate to give a loan. This is more commonly known as a syndicated loan. A more permanent joint activity is usually called an institute. A syndicated loan (or syndicated bank facility) is a large loan in which a group of banks work together to provide funds for a borrower. ... An institute is a permanent organizational body created for a certain purpose. ...

Other Uses

• In several common law countries (including the United States), the word 'consortium' refers to the sexual services provided by one's spouse, which can be lost necessitating an award of damages; if a man's wife dies early due to misdiagnose, he may sue for loss of consortium. Likewise if a woman's husband is unable to provide sexual gratification due to medical malpractice or negligence, she may be awarded compensation. These lawsuits must be joined to any suit the spouse instituted to recover for his or her personal injuries. [Nicholson v. Hugh Chatham Memorial Hospital, Inc., N.C. (1980)]

• Another important aspect related to this word is its applicability in diplomatic arena. A number of foreign policy related statements use this word for mutual ties and partnerships. Eg Russia offered country 'X' consortium in the field of bio sciences.

• In Roman Catholic devotion, Consortium and consortium fraternitatis ware some of the many names of Purgatorial societies.

• The consortium magistorum included the Magistri (professors), notably at the Parisian Sorbonne those of theology, law, medicine and arts (philosophy).

Loss of consortium is a legal term that refers to the deprivation of care and affection, often sexual, in a (usually spousal) relationship. ... A Purgatorial Society is any of numerous pious associations or confraternities in the Catholic Church, which have as their purpose to assist in every possible way the poor souls in purgatory. ...

Famous consortiums

• World Wide Web Consortium
• Consortium Book Sales & Distribution
• The Open Group
• Six Companies builder of Hoover Dam (aka Boulder Dam)
• Freeview Consortium - British Digital terrestrial television service
• Microelectronics and Computer Technology Corporation
• SEMATECH
• Consortium for Oceanographic Research and Education (CORE)
• Information Protection Solutions of America (IPSA)
• MUGEN NoE (2005-2009) [1]

To meet Wikipedias quality standards, this article or section may require cleanup. ... The current version of the article or section reads like an advertisement. ... Six Companies, Inc. ... Hoover Dam from the air Hoover Dam Hoover Dam ( ), also known as Boulder Dam, is a concrete gravity-arch dam in the Black Canyon of the Colorado River, on the border between the U.S. states of Arizona and Nevada. ... FreeView is a non-profit free-to-air digital television service planned for New Zealand. ... Terrestrial television (also known as over-the-air, OTA, or broadcast television) is the traditional method of television broadcast signal delivery, by radio waves transmitted through open space, usually carrying unencrypted signals. ... The MCC headquarters building in Austin, Texas Microelectronics and Computer Technology Corporation (MCC) was the first, and is now one of the largest, United States computer industry research and development consortia. ... SEMATECH (SEmiconductor MAnufacturing TECHnology) is a non-profit consortium that performs basic research into semiconductor manufacturing. ... Information Protection Solutions of America (IPSA) is a consortium of document destruction companies providing paper and media destruction services in North America. ... MUGEN (2005-2009) [1] a consortium of twenty four European organizations constituting a Network of Excellence on Functional Genomics in mutant mouse models as tools to investigate the complexity of human immunological disease funding under the Sixth Research Framework Programme of the European Union (MUGEN LSHG-CT-2005-005203) Wikimedia...

See also

• Consortium imperii (Roman sharing of imperial power)
• [[
• Joint venture
• Patent pool
• Consortium (A terrorist organization)

Consortium imperii is a Latin word dating from the Roman dominate, denoting the sharing of imperial authority between two or more emperors, hence designated as consors imperii imperium - either as equals or in subordination (the junior is then often designated heir and successor). ... A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. ... In intellectual property (IP) law, a patent pool is a consortium of at least two companies agreeing to cross-license patents and other IP rights relating to a particular technology. ...

Sources and external links

• This article incorporates text from the public-domain Catholic Encyclopedia. passim
• ConsortiumInfo.org
• Consortium for Street Children