a group of individuals or organizations combined or making a joint effort to undertake some specific duty or carry out specific transactions or negotiations: The local furniture store is individually owned, but is part of a buying syndicate.
2.
a combination of bankers or capitalists formed for the purpose of carrying out some project requiring large resources of capital, as the underwriting of an issue of stock or bonds.
3.
Journalism.
a.
an agency that buys articles, stories, columns, photographs, comic strips, or other features and distributes them for simultaneous publication in a number of newspapers or periodicals in different localities. Compare boiler plate(def. 2).
b.
a business organization owning and operating a number of newspapers; newspaper chain.
4.
a group, combination, or association of gangsters controlling organized crime or one type of crime, esp. in one region of the country.
5.
a council or body of syndics.
6.
a local organization of employers or employees in Italy during the Fascist regime.
–verb (used with object)
7.
to combine into a syndicate.
8.
to publish simultaneously, or supply for simultaneous publication, in a number of newspapers or other periodicals in different places: Her column is syndicated in 120 papers.
9.
Television. to sell (a program, series, etc.) directly to independent stations.
10.
to sell shares in or offer participation in the financial sharing of (a risk venture, loan, or the like): to syndicate a racehorse among speculators; to syndicate a loan among several banks.
–verb (used without object)
11.
to combine to form a syndicate.
[Origin: 1600–10; < MF syndicat office of syndic, board of syndics < ML syndicātus.See syndic, -ate3]
1624, "council or body of representatives," from Fr. syndicat, from syndic "representative of a corporation" (see syndic). Meaning "combination of persons or companies to carry out some commercial undertaking" first occurs 1865. Publishing sense of "association of publishers for purchasing articles, etc., for simultaneous publication in a number of newspapers" is from 1889. (Syndication "publication, broadcast, or ownership by a syndicate" is attested from 1925.) As a synonym for "organized crime, the Mob" it is recorded from 1929.
A group of bankers, insurers, etcetera, who work together on a large project.
Investopedia Commentary
A syndicate only works together
temporarily. They are commonly used for large loans or underwritings to reduce the risk that each individual firm must take on.
A combination of investment banking firms that bids on a new security issue and then sells it if the bid is successful. The syndicate disbands when the security offering
has been completed. Syndicates are needed to spread the risk and obtain greater financial and marketing resources for large issues. Also called purchase group, underwriting syndicate. See also
agreement among underwriters, breaking
the syndicate, selling group.
To distribute shares of ownership in a partnership or joint venture. For example, a brokerage firm may syndicate ownership in certain oil and gas properties.
Main Entry: syn·di·cate Pronunciation: 'sin-di-k&t Function: noun Etymology: French syndicat the office or jurisdiction of a syndic 1: a group organized to carry out a particular transaction or enterprise 2: an association of organized criminals
Main Entry: syn·di·cate Pronunciation: 'sin-di-"kAt Function: verb Inflected Forms: -cat·ed; -cat·ing transitive verb
: to form or manage as or through a syndicate <a syndicated tax shelter> intransitive verb : to unite to form a syndicate —syn·di·ca·tion/"sin-di-'kA-sh&n/noun
Syn"di*cate\, v. t. [imp. & p. p. -cated; p. pr. & vb. n. -cating.]1. To combine or form into, or manage as, a syndicate. 2. To acquire or control for or by, or to subject to the management of, a syndicate; as, syndicated newspapers.
Syn"di*cate\, n. [Cf. F. syndicat, LL. syndicatus.]1. The office or jurisdiction of a syndic; a council, or body of syndics. --Bp. Burnet. 2. An association of persons officially authorized to undertake some duty or to negotiate some business; also, an association of persons who combine to carry out, on their own account, a financial or industrial project; as, a syndicate of bankers formed to take up and dispose of an entire issue of government bonds.
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Audio Help [n. sin-di-kit; v. sin-di-keyt] Pronunciation Key noun, verb, -cat·ed, -cat·ing. 
