Subsidiary

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Subsidiary

A wholly or partially owned company that is part of a large corporation. A foreign subsidiary is a separately incorporated entity under the host country's law. A subsidiary's financial results are carried on the parent company's books.

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

A company controlled or owned by another company. For example, the trucking company Overnite Transportation is a wholly owned subsidiary of Union Pacific Corporation. If a subsidiary is wholly owned, all its stock is held by the parent company. Compare holding company, parent company.
References in periodicals archive ?
The contract between the bank and the technical payment aggregators or electronic payment facilitators should provide for the possibility of suspending or cancelling any of the subsidiary companies. The bank shall establish the mechanism that enables it to stop any subsidiary immediately.
"The recent cases that reached the public eye completely justify parliament's decision to freeze the funds for CyTA's subsidiary companies," said Committee Chairman, DIKO's Nicolas Papadopoulos, after the meeting.
"As the assets being realised by the subsidiary companies continue to include interests in overseas companies which are also subject to insolvency proceedings, it is difficult to predict when that work will be completed.
Caledonia Mining Corporation (TSX: CAL) (OTCBB: CALVF) (AIM: CMCL), a Canada-based company that explores and develops mineral properties for base and precious metals, has entered into formal agreements for the sale of the subsidiary companies owning the Barbrook and Eersteling mines.
The UAE Ministry of Finance and Industry and Dubai World yesterday signed an official agreement under which the Ministry will provide the E-Dirham service for the collection of fees for services offered by Dubai World and its subsidiary companies.
It is the owner of 40 subsidiary companies that make products for hazard detection and life protection.
The third phase, initiated in 2006, extended the program to employees working at CVRD's 50 affiliated and subsidiary companies in Brazil and abroad.
PCG is a multi-faceted New York-based real estate merchant/investment banking firm providing capital and financial advisory services to select clients through its subsidiary companies.
* NGOS and charities setup subsidiary companies or units to procure goods and services, such as vehicles or utilities for their projects, which makes the projects more expensive, giving the group more money.
One of Marray & Roberts' subsidiary companies is RUC Raisedrillers, an internationally recognized raise boring company carrying the largest fleet of raise boring machinery on the planet.
As a means to implement financial restructuring, Amcast Industrial Corp., Dayton, Ohio, and several of its subsidiary companies filed for Chapter 11 bankruptcy protection in November.
Paul Oosterlaken and Andy Gowing, both professional managers in the food processing industry for many years, are the new owners of Kiremko bv, Montfoort, the Netherlands, and its subsidiary companies.