Consolidate

Hi all, The day before yesterday I was given the role of Word in the Toastmasters Club meeting. The word I presented was Consolidate. Given below is what I said about that word. Consolidate means to combine into a single whole, merge or unite. It also means to become strong, stable, and firmly established. I came across this word used very frequently in the Business Section of WSJ mostly in the area of wealth management. I am sure this is a word that is used in other areas too but in the area of business, if an individual or organisation has wealth invested in lots of areas such as banks, government bonds, real estate, gold or art then consolidation means to merge all of this so that it is in a form most profitable to the person who owns the wealth. Consolidate can also describe aspects of the speech writing activity. When you write a speech especially about a topic you are not familiar with the first thing you do is gather info about that topic from diverse sources. After this you can combine all of this info into a speech which is to consolidate or the process of consolidation. So the word of the day is Consolidation. I hope you have a lovely day!