An arrangement in which two or more banks lend directly to the same borrower pursuant to one loan agreement. Each bank in the syndicate is a party to the loan agreement and may receive a note from the borrower evidencing the debt. Banks involved in syndicated transactions often sell some or all of their allotment in the credit facility. American Banker Glossary
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The selling of a project finance to a group of prospective participants, the syndicate. Bloomberg Financial Dictionary
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In a public offer, usually, a syndicate of investment banks is formed to underwrite the issue. Each member of the syndicate is assigned a certain amount of liability and (number or quota of) shares to sell. London Stock Exchange Glossary
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syndication syn‧di‧ca‧tion [ˌsɪndˈkeɪʆn] noun [countable, uncountable]
1. FINANCE an arrangement in which a loan is provided by a group of companies, especially banks or insurance companies:
• Bank regulators have argued that thrifts will have to begin arranging syndications of loans.
2. the sale of articles, photographs, or radio or television programmes to several newspapers, television stations etc:
• The TV company distributes three of the most popular television shows in syndication.
3. FINANCE a method of selling something, especially property, in which a company or group of companies sells shares in it to investors:
• Companies that participated in the syndication might be less likely to join in a similar deal next time.
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syndication UK US /ˌsɪndɪˈkeɪʃən/ noun [C or U]
► FINANCE an arrangement between several financial organizations to share the investment risk of providing a large loan: »
The Bank of America led syndication of a $150 million loan to the project.
► COMMUNICATIONS, COMMERCE the selling of television programmes, newspaper articles, etc. to companies around the world so that they can be shown or published in several different places: syndication deal/revenue/rights »
The company is looking for syndication deals to run services on the mobile TV market.
»The entertainment company's net income rose 13% last year due to the growth in syndication of its television shows.
Financial and business terms. 2012.