A syndicate is a self-organizing group of individuals, companies, corporations or entities formed to transact some specific business, to pursue or promote a shared interest.
[1] The Merriam Webster Dictionary defines syndicate as a group of people or businesses that work together as a team.
This usage mirrors the common meaning of the word's etymological cousins in languages such as French and Spanish.
In this sense, the term is also associated with anarchist theory, specifically anarcho-syndicalism, in which trade unions form an alternative to both the nation state and capitalist corporations.
Anarchists, syndicalists, and other libertarian socialists use the word "syndicate" to refer to an enterprise managed by its workers.
Print syndication distributes news articles, columns, comic strips, and other features to newspapers, magazines and websites.
A group formed of several business entities, like companies or corporations, which share common interests in a market but usually are not direct competitors.
Some headquarters and other premises of these syndicate cartels have remained up to the present via their monument status as historical buildings.
The notion of insurance syndicate as a process for supplying indemnity was first codified in Lex Rhodia and is still used today as shipping's law of general average.
[11] Researchers argue that syndicates may reduce the potential for market failure in crowdfunding, a method that allows creators to raise funds for projects from many different investors through online platforms.
In equity crowdfunding, information asymmetry between the creator and investor may result in a variety of problems and, in some cases, market failure.