branch office


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Branch

1. An office or subsidiary of a company that exists and conducts operations in a country other than the one in which the company is headquartered. See also: MNC.

2. A semi-independent office of a bank. For example, a bank may have five branches in a city where account holders can make deposits and withdrawals and conduct other business at the place most convenient for them.

branch office

Any secondary or ancillary place of business. Most states require branch offices of real estate companies to have their own broker-in-charge or qualifying broker,legally responsible for activities at that branch.