Consolidation
/kənˌsɒlɪˈdeɪʃən/
Definitions
- (n.) The legal process of combining two or more legal actions or entities into one.
The court ordered the consolidation of the two lawsuits to avoid conflicting judgments.
- (n.) The merging of multiple companies or assets into a single entity.
The consolidation of the companies created a leading firm in the industry.
Related terms
See also
Commentary
In legal drafting, specify the scope and effect of consolidation to clarify procedural or structural impacts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.