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Subsidiary
(redirected from Subsidaries)

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.01 sec.
Subsidiary
A wholly or partially owned company that is part of a large corporation. A foreign subsidiary is a separately incorporated entity under the host country's law. A subsidiary's financial results are carried on the parent company's books.

Subsidiary
A company that is publicly-traded but has more than half its stock owned by another company, known as the parent company. As long as the parent company owns more than half the stock, it maintains control of the subsidiary, though its other stock is still traded. Some subsidiaries belong to the same industry as the parent company, while others do not, and are part of a diversification effort on the part of the parent company. See also: Wholly owned subsidiary.

subsidiary
A company controlled or owned by another company. For example, the trucking company Overnite Transportation is a wholly owned subsidiary of Union Pacific Corporation. If a subsidiary is wholly owned, all its stock is held by the parent company. Compare holding company, parent company.


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John D Hollingsworth jnr, aged 83, who ran a textile company, with subsidaries in Great Harwood, Blackburn, and other parts of Europe and South America, left nearly all his estate to Furman University, the YMCA in his home town of Greenville, South Carolina, in the United States and charities to be determined by the board of his non-profit foundation.
The company, through its Competitive Local Exchange Carrier (CLEC) and subsidaries, is licensed to provide fiber optics, 39 GHz wireless, PCS wireless, DSL, high-speed Internet access and data transport.
KeySpan Energy Solutions and Fritze KeySpan are subsidaries of KeySpan Energy.
 
 
 
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