Syndication
slicing a large loan into pieces for many banks
In more detail
Slicing a large loan into pieces and handing them out to other banks: the arranger structures the deal, keeps a piece and a fee for itself, and sells the rest.
It was invented because of size: a project can be bigger than any one institution is prepared to take on, and walking away from the deal is a pity.
Where it appears in the course
In the academy “Syndication” is not a definition but an operation: you post it yourself and watch what it does to the balance sheet.