Branch


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Related to Branch: Branch Accounting

Branch

An operation in a foreign country incorporated in the home country.

Branch

1. An office or subsidiary of a company that exists and conducts operations in a country other than the one in which the company is headquartered. See also: MNC.

2. A semi-independent office of a bank. For example, a bank may have five branches in a city where account holders can make deposits and withdrawals and conduct other business at the place most convenient for them.
References in classic literature ?
Once I put my weight upon a rotten branch and swung for a few seconds by my hands, but in the main it was all easy climbing.
With a roar that mingled with the booming thunder from above he leaped toward the panther, who could only claw futilely with one huge paw while he clung to the branch with the other; but the ape-man did not come within that parabola of destruction.
For fifteen feet the two fell, Tarzan's teeth buried in the jugular of his opponent, when a stout branch stopped their descent.
Tarzan had felt the instantaneous relaxation of the body beneath him after the heavy impact with the tree limb, and as the other turned completely over and started again upon its fall toward the ground, he reached forth a hand and caught the branch in time to stay his own descent, while the ape dropped like a plummet to the foot of the tree.
Now she sat upon a high branch, safe out of harm's way, cuddling the little thing close to her hairy breast, the while her savage little eyes bored down upon the contestants in the clearing, and her ferocious voice urged Taug and the other bulls to leap into the melee.
The combination provided the Bank with an opportunity to expand its franchise into Westchester County with eight branches, Fairfield County with four branches, and one branch in both Rockland and Putnam counties.
It makes everyone in the country aware we're still here,'' said Diana Lisignoli-Cochran, senior librarian at the Encino-Tarzana Branch of the Los Angeles Public Library.
company operating a small manufacturing branch in the United Kingdom.
The Bank offers a full array of financial products and services at the new Halfmoon branch, including personal and business checking and savings accounts, certificates of deposit, money market accounts, IRAs, convenient drive-thru lanes with an ATM, residential and commercial mortgages, auto loans and a wide variety of other types of commercial and consumer loans, home equity loans, retirement products and wealth and investment management.
1 million Studio City branch expansion was rebuilt with savings from a $53 million city library bond passed in 1989.
The nonincome-producing events that result in recharacterization are "hybrid branch payments"--payments between a CFC (or a partnership of which a CFC is a partner) and its own branch, or two branches of the same CFC (or partnership).
banks conduct the preponderance of their foreign branch transactions with U.