Subsidiary

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Related to subsidiaries: 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 ?
2) Financial subsidiaries engaged in financial activities only as agent.
The OCC approval letter subjects the bank and its operating subsidiaries to a number of conditions and underscores the OCC's intention to enforce those provisions through appropriate supervisory and legal actions.
The independent listing of NewMarket subsidiaries is core to the Company's overall growth strategy and central to NewMarket's focus on building shareholder value.
At many companies, arms-length relationships are in place and parent companies can repatriate only dividends from overseas subsidiaries, says Ken Parkinson, a partner at Treasury Information Services in Hopewell, N.
10, the subsidy that the government provides to banks as a byproduct of the safety net would be directly transferable to their operating subsidiaries to finance powers not currently permissible to the bank or its subsidiaries.
Specifically, BNEC alleged that the firm was negligent in not reporting BNEC's insolvency and that of its subsidiaries.
NewMarket will distribute stock in the independently listed subsidiary operations to NewMarket shareholders through dividend distributions as the subsidiaries build their respective operations and develop their own shareholder base.
The parent provided some central office functions for its subsidiaries (e.
The Board has carefully considered the financial and managerial resources and future prospects of SunTrust and Crestar, and their respective subsidiaries, and other supervisory factors in light of all the facts of record.
The Glass-Steagall Act of 1933 does not prohibit subsidiaries of state-chartered banks from engaging in securities activities if they are not members of the Federal Reserve System.
In selected areas, these provisions represent a dramatic change in the determination of a parent corporation's basis in the stock of its subsidiaries and in its earnings and profits (E&P) compared with the prior consolidated return regulations ("the prior regulations").
Net investments in foreign subsidiaries -- Foreign-currency transactions used to hedge a parent's investment in its foreign subsidiaries, or equity hedges, include virtually all types of foreign-currency transactions, ranging from existing-parent foreign-exchange liabilities to sophisticated derivatives transactions.