Subsidiary

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Related to Wholly owned subsidiaries: subsidiary company, Affiliated Company

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 also announced the receipts of certificates of approval from Federal Deposit Insurance Corporation and the Ohio Division of Financial Institutions for the merger of two of its wholly owned subsidiaries, The Bank of Leipsic Company and Citizens Bank of Delphos with and into another wholly owned subsidiary, The Union Bank Company and the acquisition by The Union Bank Company of three banking offices currently operated by The RFC Banking Company.
The Company is active in the oil and gas producing basins of Texas, Oklahoma, Pennsylvania, West Virginia and Alabama through its wholly owned subsidiaries, Westlands Resources Corporation and Deven Resources, Inc.
Ranch * 1, through its wholly owned subsidiaries, owns and operates and franchises Ranch * 1 quick service restaurants that specialize in the sale of grilled chicken sandwiches and other grilled chicken products, Ranch * 1 famous fries, and other food and beverage items.