Definition from Nolo’s Plain-English Law Dictionary
A joint venture among individuals or corporations to accomplish a particular business goal, such as the purchase, development, and sale of real estate, followed by division of the profits. A syndicate is similar to a partnership, but it has a specific objective or purpose after the completion of which it will dissolve.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:25 pm