Subsidiary

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Related to Subsidaries: Wholly owned subsidiaries

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.
References in periodicals archive ?
The company through its subsidaries, Hairmax of Nevada and Hairmax of Florida Inc.
It said a Swedish company which had taken on outsourced services of one of its subsidaries was wrong to treat the work as tax exempt.
Nasdaq: ESLR), a manufacturer of solar power products with its proprietary, low-cost String Ribbon[TM] wafer technology, today announced that it has entered into a four-year supply contract with Mainstream Energy, LLC, which has systems integration and distribution subsidaries involved in the sales, distribution and installation of residential and commercial solar electric systems nationwide.
Contract notice: Purchase of microsoft solutions for the group eurotunnel and its subsidaries.
Devon & Cornwall Housing Limited (DCH) is the lead partner of Frameworks South West (FSW), an umbrella organisation for a number of housing associations (and their subsidaries, where appropriate), all who provide quality affordable housing in the South West.
The appointments are consistent with our objectives as set forward by the corporation and in consideration of our network of subsidaries, affiliates and licensees," says Moore.
These include the company's existing subsidaries, as well as future acquisitions and development of existing businesses that further serve to enhance the company's business operations.