Syndicate: Difference between revisions
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A '''Syndicate''' is a self-organising group of individuals, companies or |
A '''Syndicate''' is a self-organising group of individuals, companies or criminals formed to transact some specific business, or to promote a common interest or in the case of criminals, to engage in organized crime. |
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The word ''syndicate'' comes from the [[French language|French]] word ''syndicat'' which means [[trade union]] (''syndic'' meaning ''administrator''), from the [[Latin]] word ''syndicus'' which in turn comes from the [[Greek language|Greek]] word σύνδικος (''syndikos'') which means ''caretaker of an issue'', compare to [[ombudsman]] or [[Representation (politics)|representative]]. |
The word ''syndicate'' comes from the [[French language|French]] word ''syndicat'' which means [[trade union]] (''syndic'' meaning ''administrator''), from the [[Latin]] word ''syndicus'' which in turn comes from the [[Greek language|Greek]] word σύνδικος (''syndikos'') which means ''caretaker of an issue'', compare to [[ombudsman]] or [[Representation (politics)|representative]]. |
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Revision as of 02:32, 16 April 2010
 | This article appears to be a dictionary definition. |
 | This article needs additional citations for verification. (January 2008) |
A Syndicate is a self-organising group of individuals, companies or criminals formed to transact some specific business, or to promote a common interest or in the case of criminals, to engage in organized crime.
The word syndicate comes from the French word syndicat which means trade union (syndic meaning administrator), from the Latin word syndicus which in turn comes from the Greek word σύνδικος (syndikos) which means caretaker of an issue, compare to ombudsman or representative.
Crime syndicates
Crime syndicates are criminal organizations 'running common businesses'.
Media
In media, syndicates are organizations by name and credit.
Finance
In finance, a group of banks lending, for a specific purpose and to one single borrower, a - mostly large - amount of money is referred to as a bank syndicate or often only as a syndicate.
In investment banking, refers to a group of investment banks that share underwriting risk in respect to an issuer's securities. Referred to as the underwriting syndicate.
Worker-managed enterprise
Anarchists, syndicalists and other libertarian socialists use the word "syndicate" to refer to an enterprise democratically managed by its workers. Such an enterprise is governed by a face-to-face meeting of everyone who works there, in which each worker has one vote. Either there are no managers, or the managers are democratically elected and recallable. In either case, the most important decisions are made collectively by the whole workforce. This is known as workers' self-management.
Lottery syndicate
People sometimes play the lottery in a syndicate to increase their chances of winning.
The first online syndicate manager began in 2001, trading as http://gluto.com, and today administers numerous EuroMillions Lottery syndicates. The company also created analytical tools for lottery players, called Lotto Insights.
The World's first commercial multi-lottery system, commenced in 2009 in the United Kingdom,trading as http://www.lovemylotto.com and owned by a UK company, The Jackpot Store Limited.This innovative idea was the brainchild of John. S. Wiley and developed by him and a business partner Brent Harding.
http://catchalotto.co.uk is the first online lottery syndicate manager allowing people to form syndicates for the UK National Lottery LOTTO game. Catchalotto developed a filtering system Lottorino, a tool that analyses a lotto combination for patterns.