What does "syndicate" mean?

Syndicate: An association of persons officially authorized to undertake some duty or to negotiate some business; also, an association of persons who combine to carry out, on their own account, a financial or industrial project; as, a syndicate of bankers formed to take up and dispose of an entire issue of government bonds.

Additional senses

  1. 2.To judge; to censure. [Obs.]

Sources