Branch

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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 periodicals archive ?
Noting that the FSLIC was a separate entity from the FHLBB, the Service determined "[u]nder the facts of this case" that the assistance agreement between the FSLIC and the taxpayer did not grant or promise the branching rights.
authorities have correctly argued that a restriction against branching discourages the involvement of U.