In the United States there are four major insurance syndicates that supply indemnity through the several liability of their syndicate names - which are called subscribing members. The meaning which underlies both applications is that of representative or delegate. Patil, S. Nijalingappa, N. Sanjeeva Reddy and Atulya Ghosh. It is canon to the operation of the insurance syndicate that the liability of the suppliers of surplus is several and not joint. 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. [12], Researchers argue that syndicates may reduce the potential for market failure in crowdfunding, a method that allows creators to raise funds for projects from many different investors through online platforms. They offer reprint rights and grant permissions to other parties for republishing content of which they own/represent copyrights. Extortion, a time-tested endeavor of organized crime, is the acquisition of property through the use of threats or force. An individual who wants to form a syndicate creates an investment strategy and discloses it on a crowdfunding platform. Syndicate was a group of powerful and influential leaders from within the Congress: Syndicate was led by K. Kamraj, former chief minister of Tamilnadu and the then president of Congress party. [11], Lottery syndicates are formed to pool tickets thus increasing the chances of winning. Other investors can choose to back the individual, who is the leader. This is known as workers' self-management. Anarchists, syndicalists, and other libertarian socialists use the word "syndicate" to refer to an enterprise managed by its workers. Senate (noun) A group of experienced, respected, wise individuals serving as decision makers or advisors in a political system or in institutional governance, as in a university, and traditionally of advanced age and male. Unlawfully commenced inter-insuring by receipt of a syndicate name's deposit against a reciprocal contract on either June 20 or June 22 1922. It also includes some powerful leaders like S.K. As a valued reader, your feedback is greatly appreciated. They are legal in the US, but legal problems are regularly reported. to newspapers for simultaneous publication NAIC # 15598; FEIN: 95-0865765; California Company ID (CA DOI) 0392-1; Certificate of Authority [CofA] granted to commence inter-insuring by reciprocal contract on October 4 1912, FEIN 25-0466020; PA SOS Entity # 112672; SEC File Number 0-24000 CUSIP 29530P-102; Incorporated April 14 1925, FEIN 95-0725935; NV Entity C1096-1927 Incorporated 17 Oct 1927; CA [foreign] Entity C0126554, Agrawal, Ajay, Christian Catalini, and Avi Goldfarb. As these models are organized … Internet companies and corporations, focusing on various Internet ventures, tend to form syndicates within their own group, with direct competitors involved. The notion of insurance syndicate as a process for supplying indemnity was first codified in Lex Rhodia and is still used today as shipping's Law of General Average. 2. The emphasis on the origins of this term as a political one seems to be emphasized precisely because this element is so often forgotten in its afterlives, and perhaps even … L. Rep. P 97,458, RICO Bus.Disp.Guide 8307, 1993 U.S. App. ", Learn how and when to remove this template message, "Powerful Leader of Mexican Teachers' Union Is Arrested", "The dangers of joining a lottery syndicate", List of housing markets by real estate prices, https://en.wikipedia.org/w/index.php?title=Syndicate&oldid=1002710943, Articles needing additional references from May 2014, All articles needing additional references, Creative Commons Attribution-ShareAlike License. Insurance contracts (contracts of indemnity) processed under the syndicate form of business organization date to the Hammurabi Code. This means that members or subscribers at insurance syndicates obligate themselves to a precise individual separate and several liability rather a joint liability. (All India 2010) Answer: ‘Syndicate’ refers to a group of powerful and influential leaders from within Congress. politics definition: 1. the activities of the government, members of law-making organizations, or people who try to…. Project Syndicate - The World’s Opinion Page. This usage mirrors the common meaning of the word's etymological cousins in languages such as French and Spanish. It may refer to a business concern that sells materials for publication (newspaper, radio, TV, internet) in a number of outlets simultaneously, or a group of newspapers under one management.[2]. Syndicus), after defining the word as defensor, ... Use in anarchist politics. The Merriam Webster Dictionary defines syndicate as a group of people or businesses that work together as a team. 1. The subunit of the syndicate is a crime family or clan, organized by blood relationships, as seen in the Italian Mafia and the Italian American Mafia crime families (the Five Families dominating New York City crime, namely, the Gambino crime family, Genovese crime family, Lucchese crime family, Bonanno crime family, and the Colombo crime family). No spam. Theoretically, syndicate is for profit maximisation among producers. Sec. Syndicate (noun) The party finally split with Indira Gandhi setting up a rival organization, which came to be known as … Since this is an election year, we can expect to hear a lot of words — and the meaning of those words is not always clear. In either case, the most important decisions are made collectively by the whole workforce. Within Syndicalist and Anarcho-syndicalist organizations, a syndic is a member of an autonomous union, also called a Syndicate, which make up the basic organizational unit of society. Success! What does the term ‘syndicate’ mean in the context of the Congress party of the sixties? Modern organized criminal enterprises make money by specializing in a variety of crimes, including extortion, blackmail, gambling, loan-sharking, political corruption, and the manufacture and sale of illicit narcotics. Syndicate was the informal name given to a group of powerful and influential leaders who were in control of the party's organisation. Readers quickly gain the insights of diverse, authoritative perspectives … For other uses, see, The Insurance Syndicate as Distinguished from the Corporate Insurer, The UK-based Lloyd's of London Insurance Exchange Model, Unregulated governmental and industrial insurance syndicates, Roby v Lloyd's; 996 F.2d 1353, 61 USLW 2796, Fed. ‘a crime syndicate’. That wealthy China would automatically turn democratic and international is a Western fancy dream. ... Synaspismos (Greek political party) SYN: Synonym File: SYN: Synchronous Idle: SYN: Student Youth Network (Australia) SYN: Student Youth Network, Inc. … The backing investors must follow the leader’s investment strategy and pay them a fee. It may mean an association of racketeers in organized crime. Three terms in particular came to symbolise the year: “witch-hunt,” “black swan” and “exponential”. Answer: Syndicate was a group of powerful and influential leaders from within the Congress: 1. to newspapers for simultaneous publication Familiarity information: SYNDICATE used as a noun is … Print syndication distributes news articles, columns, comic strips, and other features to newspapers, magazines and websites. In such cases, they share a certain type of market, like brand management or search engine optimization, and usually form a Conglomerate Syndicate. These types of insurance syndicates are operated by Attorneys-in-Fact. Today, insurance syndicates seem present in three forms: Some insurance markets such as Lloyd's of London provide insurance coverage underwritten by syndicates of investors who bear the full liability for meeting the costs of any claims. A sales syndicate is a cartel with a joint sales agency. "Are Syndicates the Killer App of Equity Crowdfunding? Their role in the Congress party was significant. Messianic Political Theology and Diaspora Ethics By Travis Kroeker 7.10.19 | Matt Dodrill. For example, BBC Radio International is a radio syndicated business. More example sentences. Because these arrangements are neither public nor regulated, they are hard to describe and attribute. Question 6. In the meantime, changes taking place since the early 1960s in the clientel istic relation between the landed and landless caste groups in rural India had The corresponding words in Spanish and Portuguese, sindicato, and Italian, sindacato, are similar. Equity crowdfunding allows creators to issue equity to investors when they make an investment in the project. Patil, S. Nijalingappa, N. Sanjeeva Reddy and Atulya Ghosh. Orhan Pamuk and the Good of World Literature By Gloria Fisk Tanya Agathocleous. Last Name. Either there are no managers, or the managers are directly elected and recallable. syndicate definition: 1. a group of people or companies who join together in order to share the cost of a particular…. Newspaper syndicate, also called Press Syndicate, or Feature Syndicate, agency that sells to newspapers and other media special writing and artwork, often written by a noted journalist or eminent authority or drawn by a well-known cartoonist, that cannot be classified as spot coverage of the news.Its fundamental service is to spread the cost of expensive features among as many newspapers (subscribers) as … [13], A syndicate can be started by an individual, angel investor, or venture capitalist. [13], This article is about an association of people or groups. In the meantime, changes in the ... in a bitter contest with the Syndicate over the meaning of symbolic capital in Indian politics. Peter Iver … Authoritarian centrism is the only way that Chinese society "knows" how to keep itself together. Learn more. Lottery syndicates are more common in the UK and Europe in general. NAIC # 25941; FEIN 74-0959140; TDI Company Number 14-86800; Current TDI Certificate of Authority [CofA] # 14585 granted on April 2 2008. In French, a syndicat is a trade union, usually a local union. In finance, a bank syndicate, often referred to simply as a syndicate, is a group of banks lending a usually large amount of money for a specific purpose and to one single borrower. Patil, S. Nijalingappa, N. Sanjeeva Reddy and Atulya Ghosh. Ever. In equity crowdfunding, information asymmetry between the creator and investor may result in a variety of problems and, in some cases, market failure. Dictionary entry overview: What does syndicate mean? This was led by Congress President K. Kamraj and included powerful state leaders like S.K. 1 A group of individuals or organizations combined to promote a common interest. Such an enterprise is governed by a face-to-face meeting of everyone who works there, in which each worker has one vote. Congress (O), led by Syndicate and Congress (R), led by Indira Gandhi. The Indian National Congress (Organisation) or Congress (O) was a political party in India formed when the Congress party split following the expulsion of Indira Gandhi.. On 12 November 1969, the Prime Minister of India Indira Gandhi was expelled from the Congress party for violating the party discipline. Kristen Johnson. bent political elite at the time, the Syndicate, devalued the symbolic value of her family-name-based-capital of mass popularity. A super duper fancy editorial news commentaries that brings you the latest of what is considered the thought leaders' opinions. 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