consolidation
//kənˌsɒlɪˈdeɪʃən//
Noun
consolidationSingular
consolidationsPlural
1
The process of combining multiple things into a single, more effective or coherent whole.
The consolidation of the three departments improved overall efficiency.
2
The act of strengthening or making something more solid, stable, or secure.
The consolidation of the company's financial position took several years.
3
In business, the merger of two or more companies or organizations into one entity.
The consolidation of the two banks created the largest financial institution in the country.
4
In finance, the combining of multiple debts or loans into a single payment.
Debt consolidation can help you manage your finances by combining all your loans into one monthly payment.