Affiliated corporation

Affiliated corporation

A corporation that is an affiliate to the parent company.

Affiliated Corporation

A corporation of which another company owns a significant percentage, but not a majority, of its shares. This gives the company a great deal of influence, but not outright control, of the affiliated corporation. See also: Subsidiary, Parent company.
References in periodicals archive ?
In the Bronx, the Alexander's Third Avenue store was net leased to an affiliated corporation of the Conway Stores for 30 years.
An affiliated corporation has been formed by Surface Combustion, Inc, Maumee, OH, to buy certain technology and assets from Industrial Furnace Designers, Inc (IFD), St.
FAWER is an affiliated corporation of FAW, one of China's largest vehicle manufacturers.
18 million Units of this placement were purchased by an affiliated corporation, Galahad Gold Plc and its associates.
263(a)-4(e)(4)(ii), bonuses, commissions, guaranteed payments to partners, payments to a corporate director, corporate payments to an employee of an affiliated corporation with which a consolidated Federal return is filed and payments to outside contractors for secretarial, clerical or similar administrative support services.
The ruling summarizes its favored "benefit test" as "presum[ing] that expenditures deducted by one affiliated corporation are properly considered expenses of that corporation unless an allocation is appropriate due to the fact that the expenditures benefitted another affiliate.
The arbitrator directed the Southern Group, the controlling shareholder of National Affiliated Corporation, to convert a $2 million convertible debenture into common stock.
enters into any transaction that is for the benefit of its shareholders or for the benefit of an affiliated corporation without an equal mutual business benefit of the corporation, then, the transaction will be adjusted or eliminated to arrive at taxable income to this state.
SMI), a unit of National Affiliated Corporation (OTC Bulletin Board: NAAC), signed a Letter of Intent with Finova Group Inc.
SVC is located in Germany (Munich) and has an affiliated corporation, Siemens Venture Capital, Inc.
These personnel were compensated by the affiliated corporation, which, in turn, invoiced KOS on a monthly basis for apportioned compensation and corresponding fringe benefit costs consistent with the various time-spent ratios.
10 /PRNewswire/ -- National Affiliated Corporation (Nasdaq: NAAC) is scheduled to close on (1) Maryland Southern Life Insurance this week and is scheduled to (2) purchase a collateralized note and foreclose on 54% of Conestoga Life Assurance and American Sentinel Insurance in the second week of October and (3) has signed a Letter of Intent to purchase 100% of the stock of a life insurance group which has a widely licensed life insurance company with international operations, an insurance agency and a third party administrator is scheduled to close in January.
Full browser ?