What is a collection of a few thousand stars loosely held together by gravity called?

A collection of a few thousand stars that are loosely held together by gravity is referred to as an open cluster. Open clusters are characterized by their relatively low density and the fact that the stars within them are often young and have not yet dispersed significantly from their original formation. These clusters typically contain anywhere from a few dozen to several thousand stars and are found in the disk of the galaxy, often associated with regions of active star formation.

In contrast, globular clusters contain hundreds of thousands to millions of stars that are tightly bound by gravity, resulting in a much denser configuration. Binary stars refer to systems with only two stars that orbit around a common center of mass, while elliptical galaxies are much larger systems that contain billions of stars along with gas and dark matter, typically lacking the loose associations seen in open clusters. Thus, the distinctive properties of open clusters, particularly their loose gravitational binding and the number of stars present, define why this is the correct answer.