Black's Law Dictionary (2nd edition)dictionaries

Syndicate

A university committee. A combination of persons or firms nnited for the puriwse of enterprises too large for iridi-vlduals to undertake; or a group of financiers who buy up the shares of a company in order to sell them at a profit by creating a scarcity*. Mozley A whitley

Source: Black’s Law Dictionary 2nd Ed (1910)