'''''Consortium''''' is a word that comes from the Latin ''consortium'' meaning ''association'' or ''society'', from the word ''consors'' meaning ''owner of means'' or ''comrade''. Usually this word refers to a temporary Business organization created by businessmen or companies in order to carry out a certain task. For example if a big loan is to be given, a consortium of banks may be formed to give the loan. This is more commonly known as a Syndicated_loan. A more permanent joint activity is usually called an Institute. *