Syndicate in the commercial world is used to indicate an association of merchants or others for the purpose of carrying through some great or important enterprise, or for securing a kind of artificial monopoly in the production or supply of some commodity. See MONOPOLY, STOCK-EXCHANGE, and the Contemporary Review, March 1899.
Syndicate
Chambers's Encyclopaedia, Volume 10: Swastika to Zyrianovsk and Index, p. 33
Source scan(s): p. 0052