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Relationship between two companies when one company owns substantial interest, but less than a majority of the voting stock of another company, or when two companies are both subsidiaries of a third company. See: Subsidiaries, parent company.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


1. A company that owns a minority interest in another company. This gives the first company a degree of control over the second, but not enough to make it a full-fledged subsidiary.

2. One of two companies that have a structural relationship with each other. For example, both companies may be subsidiaries of the same parent company.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


An organization that is related to another organization through some type of control or ownership. For example, a U.S.-based company may have a foreign affiliate that handles overseas sales.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
LNG importers, and associate companies involved in supporting the natural gas industry in the seven-state region of Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island and Vermont.
Associate companies GSB2, an advertising agency, and QualicafeX, a newly established coffee exporter, are also moving to the same vintage house that has been restored and transformed into an office.
and associate companies Verburg & Associates Inc., Wardrop Engineering Inc.
The ratings also factor in TCP's exposure to counterparty risk as its entire output is sold to TNEB, susceptibility to cyclicality in the textile sector, and exposure to distressed associate companies.

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