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AMALGAMATE Definition & Usage Examples

Acculturation is often tied to political conquest or expansion, and is applied to the process of change in beliefs or traditional practices that occurs when the cultural system of one group displaces that of another. Assimilation refers to the process through which individuals and groups of differing heritages acquire the basic habits, attitudes, https://1investing.in/ and mode of life of an embracing culture. Amalgamation refers to a blending of cultures, rather than one group eliminating another (acculturation) or one group mixing itself into another (assimilation). Curate’s egg Any amalgam of good and bad features; any combination of assets and liabilities, strengths and weaknesses, pros and cons, etc.

  1. Amalgamations are one of several ways that existing companies can join forces, in this case creating an entirely new company.
  2. This British term dates from an 1895 Punch cartoon in which a deferential, diplomatic curate, unwilling to acknowledge before his bishop that he had been served a bad egg, insisted that “Parts of it are excellent!
  3. In that respect it is not all that different from an acquisition and similar strategies to aid corporate growth.
  4. Usually, the process involves a larger entity, called a “transferee” company, absorbing one or more smaller “transferor” companies before the creation of the new entity.

While amalgamations tend to involve voluntary agreements between the different parties, acquisitions can occur without the assent of the acquired company, in what’s known as a hostile takeover. In Canada, amalgamations must be approved by Corporations Canada and the relevant provincial and territorial governments. Canada defines amalgamation as “when two or more corporations, known as predecessor corporations, combine their businesses to form a new successor corporation.”

The terms of an amalgamation are finalized by the board of directors of each company involved. In India, for example, that authority resides in the High Court and Securities and Exchange Board of India (SEBI). The term amalgamation has generally fallen out of popular use in the United States, being replaced with terms like merger or consolidation, with which it can be synonymous.

In accounting, amalgamations may also be referred to as consolidations. Once approved, the new company officially becomes a legal entity and can issue shares of stock in its own name. These examples are programmatically compiled from various online sources to illustrate current usage of the word ‘amalgamate.’ Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Amalgamate implies the forming of a close union without complete loss of individual identities. Mix, mingle, commingle, blend, merge, coalesce, amalgamate, fuse mean to combine into a more or less uniform whole.

The Pros and Cons of Amalgamations

This British term dates from an 1895 Punch cartoon in which a deferential, diplomatic curate, unwilling to acknowledge before his bishop that he had been served a bad egg, insisted that “Parts of it are excellent! ” The expression curate’s egg came into vogue almost immediately, and still enjoys considerable popularity. An amalgamation is the combination of two or more companies into an entirely new entity. Amalgamations are distinct from acquisitions in that none of the companies involved in the transaction survives as a legal entity. Instead, a completely new entity, with the combined assets and liabilities of the former companies, is born.

amalgamate

These examples are programmatically compiled from various online sources to illustrate current usage of the word ‘amalgamation.’ Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. In April 2022, the telecom giant AT&T and the television entertainment company Discovery, Inc. announced that they had finalized a deal to combine AT&T’s WarnerMedia business unit with Discovery. Discovery Inc. began trading on the Nasdaq stock exchange under the symbol WBD. Amalgamations typically happen between two (or more) companies that are engaged in the same line of business or that share some similarity in their operations. Usually, the process involves a larger entity, called a “transferee” company, absorbing one or more smaller “transferor” companies before the creation of the new entity. Merge suggests a combining in which one or more elements are lost in the whole.

The noun amalgam derives, by way of Middle French, from Medieval Latin amalgama. It too can be used either technically, implying the creation of an alloy of mercury, or more generally for the formation of any compound or combined entity. As mentioned, in a typical amalgamation, two or more companies agree to combine their assets and liabilities and form an entirely new company. In an acquisition, by contrast, one company purchases another (usually by buying up enough of its stock) and takes on its assets and liabilities, with no new company being created as a result. Acculturation is one of several forms of culture contact, and has a couple of closely related terms, including assimilation and amalgamation. Although all three of these words refer to changes due to contact between different cultures, there are notable differences between them.

Dictionary Entries Near amalgamation

Amalgamations are one of several ways that existing companies can join forces, in this case creating an entirely new company. While the term is rarely heard in the U.S. today, the practice continues both there and elsewhere amalgamation meaning around the world. Amalgamation can also refer to the combining of other types of organizations into a single one, such as nonprofit groups and entities in the public sector, including government agencies and municipalities.

What Is an Amalgamation Reserve in Accounting?

Amalgamation is a way to acquire cash resources, reach a broader customer base, eliminate competition, save on taxes, and/or improve economies of scale.

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. In accounting, the amalgamation reserve is the amount of cash left over at the new entity after the amalgamation is completed. In general, the objective of an amalgamation is to establish a unique entity capable of more effectively competing in the marketplace, while also benefiting from greater economies of scale. In that respect it is not all that different from an acquisition and similar strategies to aid corporate growth.

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