An association of people or entitiesformed to operate an investment business. Asyndicate is not a recognized legal entity; can beorganized as a corporation, partnership, or trust.

Merriam-Webster Online Dictionary
syndicate (noun)
1.
a) a council or body of - syndics
b) the office or jurisdiction of a - syndic
2.
an association of persons officially authorized to undertake a duty or negotiate business
3.
a) a group of persons or concerns who combine to carry out a particular transaction or project
b) - cartel
c) a loose association of racketeers in control of organized crime
4.
a business concern that sells materials for publication in a number of newspapers or periodicals simultaneously
5.
a group of newspapers under one management
syndicate (verb)
transitive verb
1.
to subject to or manage as a syndicate
2.
a) to sell (as a cartoon) to a syndicate or for publication in many newspapers or periodicals at once , also to sell the work of (as a writer) in this way - a syndicated columnist
intransitive verb
b) to sell (as a series of television programs) directly to local stations to unite to form a syndicate
Merriam-Webster Online Thesaurus
syndicate (noun)
1.
a group involved in secret or criminal activities
SYNONYMS:
cabal, conspiracy, crew, gang, Mafia, mob, syndicate
RELATED WORDS:
bunch, circle, clan, clique, coterie, coven, crowd, galère, lot, network, pack, set; junta, oligarchy
syndicate (noun)
2.
a number of businesses or enterprises united for commercial advantage
SYNONYMS:
combination, combine, syndicate, trust
RELATED WORDS:
chain, conglomerate, megacorporation, multinational; association, guild ( gild), organization, partnership, pool, union; big business
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