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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 ?
However, our appointment will have no effect on the trading of associate company Rumney Crane and Engineering which operates from the same site."
National recruitment consultancy Pertemps has picked up another associate company.
Mrs Flavell (left) has taken up the role after 25 years of buying experience in the construction industry, the last five of which have been spent at associate company Pettifer Construction.
Net sales declined from NOK10.22m in 2002 to NOK4.41m in 2003, but income from the associate company Fast Search & Transfer ASA improved from NOK72.29m in 2002 to NOK129.56m in 2003.
CADIS is an associate company of Fichtner GmbH, a German-based independent planning and consulting firm for energy suppliers.
M2 EQUITYBITES-16 March 2010-Red Rock's associate company signs JV with Globe Metals & Mining for Livingstonia uranium project(C)2010 M2 COMMUNICATIONS

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