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sub-syndicate
sub-syndicate n.
Brit. 
/ˌsʌbˈsɪdᵻkət/
, /ˌsʌbˈsɪdᵻkət/U.S. /ˌsəbˈsɪndᵻkᵻt/
/ˌsəbˈsɪndᵻkᵻt/ΚΠ
1825 Q. Theol. Rev. June 256/2 A Subsyndicate has been appointed to consider the means of increasing the funds of the Public Library.
1922 J. E. Meeker Work of Stock Exchange xvi. 442 Members of the syndicate often organize subsyndicates composed of the smaller investment houses.
2007 A. Bayat Making Islam Democratic ii. 44 Syndicate leaders..set up consumer co-operatives, subsyndicates, and social clubs.
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