[kuh
n-sol-i-deyt] 
verb, -dat⋅ed, -dat⋅ing, adjective | 1. | to bring together (separate parts) into a single or unified whole; unite; combine: They consolidated their three companies. |
| 2. | to discard the unused or unwanted items of and organize the remaining: She consolidated her home library. |
| 3. | to make solid or firm; solidify; strengthen: to consolidate gains. |
| 4. | Military. to strengthen by rearranging the position of ground combat troops after a successful attack. |
| 5. | to unite or combine. |
| 6. | to become solid or firm. |
| 7. | consolidated (def. 2). |
| con·sol·i·date (kən-sŏl'ĭ-dāt') v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v. tr.
[Latin cōnsolidāre, cōnsolidāt- : com-, intensive pref.; see com- + solidāre, to make firm (from solidus, firm; see sol- in Indo-European roots).] con·sol'i·da'tor n. |
Consolidate
To combine the assets, liabilities, and other financial items of two or more entities into one.
Investopedia Commentary
This term is generally used in the context of consolidated financial statements. When statements are consolidated, all subsidiaries report under the umbrella of the parent company.
See also: Annual Report