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SYNDICATE

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Originally appearing in Volume V26, Page 293 of the 1911 Encyclopedia Britannica.
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SYNDICATE , a See also:

term originally meaning a See also:body of syndics. In this sense it is still sometimes used, as at the university of See also:Cambridge, for the body of members or See also:committee responsible for the management of the University See also:Press. In See also:commerce, a syndicate is a body of persons who combine to carry through some See also:financial transaction, or who undertake a See also:common See also:adventure. Syndicates are very often formed to acquire or take over some undertaking, held it for a See also:short See also:time, and then resell it to a See also:company. The profits are then distributed and the syndicate dissolves. Sometimes syndicates are formed under agreements which constitute them See also:mere partnerships, the members being therefore individually responsible, but they are now more generally incorporated under the Companies Acts. The more usual eases in which syndicates are commonly formed will be found in F. B. See also:Palmer's Company Precedents, loth ed., vol. i. pp. 129 seq.

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