Definition of Consolidation
Consolidation
con·sol·i·da·tion
Definition/Meaning
(noun)
The act of combining multiple things into one, making them stronger or more efficient.
e.g. The company underwent consolidation, merging three departments into one.
(noun)
the action or process of making something more solid, steady, or stable, the action or process of strengthening or securing something;
e.g. She completed the paperwork for the consolidation of the job offer for the new candidate.
(noun)
the action or process of merging or combining multiple funds or financial accounts into a single account;
e.g. He is interested in the consolidation of his loans so that he can pay less in interest.
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