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") (OTCBB:PNDR) announces that it has effected a corporate reorganization, including a sale of its wholly-owned subsidiaries.
d/b/a Akin's Natural Foods Market) will continue as wholly-owned subsidiaries of The Healthy Edge.
With respect to the purchase agreements between the Company and each of CEV and CE only, the Company, through its indirectly wholly-owned subsidiaries, would assume certain obligations for borrowed money and capital lease obligations of CE and CEV combined in the approximate aggregate amount of $9,000,000 plus trade accruals and trade payables of CE and CEV combined.