Subsidiary

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Related to Wholly-owned subsidiary: parent 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 ?
With the recently announced acquisition of its wholly-owned subsidiary, Tasco has worked diligently with Dr.
a wholly-owned subsidiary of Evans National Bank is a general business equipment leasing company.
and is currently seeking opportunities in the real estate industry through its wholly-owned subsidiary, Euroweb RE Corp.
The Company's wholly-owned subsidiary, Terra Resources, Inc.