Affiliate

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Affiliate

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.

Affiliate

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.

affiliate

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.
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."
Accordingly, Fairfax must also change the manner in which it accounts for its ownership interest in Quess through TCIL from a subsidiary to an investment in an associate company. This change in accounting will result in a non-cash accounting gain at Fairfax of approximately US$600 million in Fairfaxs first quarter ended March 31, 2018.
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.
During their stay in Hangzhou, the MTR Board members and executives travelled on Hangzhou Metro Line 1, which has been operated by MTRs associate company, Hangzhou MTR Corporation Limited (HZMTR), since 2012 and learned about the companys rigorous rolling stock maintenance regime during a visit to Hangzhou Qibao Depot.
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.
Taiwanese owner Franbo Lines has announced it has acquired a 51,000 dwt bulk carrier from Tai Shing Maritime, an associate company of Taiwan Navigation.
M2 EQUITYBITES-16 March 2010-Red Rock's associate company signs JV with Globe Metals & Mining for Livingstonia uranium project(C)2010 M2 COMMUNICATIONS http://www.m2.com

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