subsidiary company


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Related to subsidiary company: consolidated balance sheet

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 company

a JOINT STOCK COMPANY that is owned by another company (the HOLDING COMPANY). Specifically a subsidiary company is one in which the holding company owns between 50% and 100% of the voting shares. The accounting results of subsidiary companies are consolidated (see CONSOLIDATED ACCOUNTS) in the annual accounts of the holding company. A subsidiary company is regarded as different from an ASSOCIATED COMPANY (where the holding company owns between 20% and 50% of its shares) which is less subject to the influence of the holding company and continues to produce its own annual accounts. A subsidiary company may continue to trade under its own name, but it is subject to control by the parent company.

subsidiary company

a company that is owned by another company (see FIRM). A subsidiary company may continue to trade under its own name, but it is subjected to complete or partial centralized control by the ‘parent company’. See also HOLDING COMPANY, CONSOLIDATED ACCOUNTS.
References in periodicals archive ?
and its wholly owned subsidiary Company, Golden Sierra Limited will now be in a position to develop and progress its Gold Mining Exploration activities on its various claims.
and its wholly owned subsidiary Company, Copperstone Mining Limited will now be in a position to develop and progress its Gold Mining Exploration activities on its various claims.
Now that Sleipner SA is a wholly owned subsidiary company of Calypso Wireless, we feel that by working closely together will enable Calypso to deliver the ASNAP(TM) patented technology solution on the Calypso C1250i WiFi-GSM cellular phone, which runs on Intel (NASDAQ:INTC) PXA series application processor and Microsoft (NASDAQ:MSFT) WinCE 5.
OTCBB: XRYM will receive a dividend share of each subsidiary Company based on a percentage of shares of XRYM owned as of November 4th 2005, and such shares will be issued to each XRYM shareholder on November 7th, 2005.
AMEX:TKO), the leader in providing powerline carrier (PLC) networking solutions using existing electrical wiring, today announced a strategic partnership to integrate Telkonet's Powerline Communications (PLC) technology into multi-dwelling and multi-tenant networks developed and operated by IDACOMM, a subsidiary company of Boise-based IDACORP, Inc.
This approach will facilitate a wider distribution of subsidiary company software and IT applications as Blue Port builds a stable of operating subsidiaries.
OTCBB:SSWM), announced that its Mexican subsidiary company Environmental Tec International, S.