From ZooTerms (Dictionary of Invertebrate Zoology)
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colony (noun; Latin colonia, farm): 1. A group of individuals of the same species living in close association with each other.

2. (Bryozoa) A morphological and functional unit comprised of one or more kinds of physically connected zooids, multizooidal parts and in certain colonies extrazooidal parts.

3. (Arthropoda: Insecta) In social insects, those groups of individuals that construct nests or rear offspring in a cooperative manner

See also: aggregation.