collegium illicitum (k[schwa]-lee-jee-[schwa]m i-lis-[schwa]-t[schwa]m). A collegium that either is not sanctioned by law or assembles for some purpose other than that expressed in its charter.
collegium licitum (k[schwa]-lee-jee-[schwa]m lis-[schwa]-t[schwa]m). An assemblage of people empowered to act as a juristic person in the pursuit of some useful purpose or business.