syndicate

syndicate is a   Noun

Definition:

[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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