What is a syndicate?
Most people have heard the word "syndicate", but not everyone understands its meaning. There are several definitions of this word.
A syndicate is a united entity that conducts economic activity with the desire to centralize it. The participants of the syndicate lose their commercial independence, but at the same time retain production and legal ones. The first syndicates appeared in France. Quite late, they appeared in Russia.
By this definition, most likely, it is difficult to understand what a syndicate is, unless, of course, you are not a lawyer or some scientist. Let us try to explain in our own words and give an example by which it will be possible to understand what a syndicate is.
A syndicate is an association of entrepreneurs engaged in homogeneous products for marketing it through a single trading network. Examples of the syndicate include Privatbank, the merger of commercial banks of Ukraine, Russia, Belarus, and so on.
In this article we discussed the meaning of the word "syndicate".We looked at its definition from a legal point of view, and also found a definition in our own words.