Subsidiary

(redirected from Wholly owned subsidiaries)
Also found in: Dictionary, Thesaurus, Legal.
Related to Wholly owned subsidiaries: subsidiary company, Affiliated Company

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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
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 ?
(NYSE: PVH) and Mexico-based apparel, accessories and home brands company Grupo Axo have entered into an agreement to form a joint venture that will license from wholly owned subsidiaries of PVH the rights to operate and manage the distribution of Calvin Klein, Tommy Hilfiger, Warner's, Olga and Speedo brand products in Mexico, the companies said.
Subchapter C clients that have 80%-or-more-owned corporate subsidiaries can now elect S status for themselves and for selected wholly owned subsidiaries. Once the common parent of an affiliated group elects S status, it can select which subsidiary to treat as a QSSS, if the subsidiaries are held as brothers and sisters.
The point, however, is that a C parent can own an 80%-or-more subsidiary, elect S status for itself and elect QSSS status for its wholly owned subsidiaries.