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syndicate

n. a joint venture among individuals and/or corporations to accomplish a particular business objective, such as the purchase, development and sale of a tract of real property, followed by division of the profits. A joint venture, and thus a syndicate, is much like a partnership, but has a specific objective or purpose, after the completion of which it will dissolve.

See also: joint venture 

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The People's Law Dictionary by Gerald and Kathleen Hill Publisher Fine Communications