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Medical Definition. Focal consolidation is the replacement of gas within air spaces by fluid, protein, cells, or other material in a single spot on the lungs. It means that the lungs are not operating at full capacity because the spaces that should be full of air are full of another substance. What Focal Consolidation Looks Like
(May 2008) In business, consolidation or amalgamation is the merger and acquisition of many smaller companies into much larger ones. In the context of financial accounting, consolidation refers to the aggregation of financial statements of a group company as consolidated financial statements.