verein
Definitions
from The Century Dictionary and Cyclopedia
- noun Union; a union, association, or society.
Examples
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The plan to create King & Wood Mallesons, which was hatched in November 2010, involves a somewhat unusual structure known as a verein, an association between partnerships that share a common name but remain financially independent and maintain separate budgets and expenses.
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Lawyers point out that the Chinese-Australian deal isn't a true merger because it was formed as an association of partnerships that maintain separate finances, in a structure known as a verein.
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The two firms may combine some operations under a so-called verein structure, which allows for central management of functions such as technology and marketing, while maintaining separate finances, according to the people, who declined to be identified because the talks aren't public.
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Distie must belong to some mysterious bund or verein, as the Germans call it.
Note
The word 'verein' comes from a German word meaning 'club'.
