subsidiary company


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Related to subsidiary company: consolidated balance sheet

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 company

a JOINT STOCK COMPANY that is owned by another company (the HOLDING COMPANY). Specifically a subsidiary company is one in which the holding company owns between 50% and 100% of the voting shares. The accounting results of subsidiary companies are consolidated (see CONSOLIDATED ACCOUNTS) in the annual accounts of the holding company. A subsidiary company is regarded as different from an ASSOCIATED COMPANY (where the holding company owns between 20% and 50% of its shares) which is less subject to the influence of the holding company and continues to produce its own annual accounts. A subsidiary company may continue to trade under its own name, but it is subject to control by the parent company.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

subsidiary company

a company that is owned by another company (see FIRM). A subsidiary company may continue to trade under its own name, but it is subjected to complete or partial centralized control by the ‘parent company’. See also HOLDING COMPANY, CONSOLIDATED ACCOUNTS.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Will the action taken by Kuwait Securities Market, regarding the holding company (Ithmmar Holding Company) affect the subsidiary company (Ithmmar Bank) in Bahrain?
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The Daily Post newspaper is published by Trinity Mirror North Wales, a subsidiary company of Trinity Mirror PLC, which is a member of IPSO, the Independent Press Standards Organisation.
In August 2014, Integrated Alternative Finance (IAF), a subsidiary company offering financing and structuring solutions, arranged an AED 35 million loan facility for a European-focused investment fund for the acquisition of two plots of land in Eastern Europe.
Muscat: Gulf International Chemicals said that it has formed a subsidiary company -- Alpha Engineering & Contracting -- in partnership with a European company in March this year.
International Resource News-July 30, 2014--Wuxi Suntech to set up subsidiary company in South Africa
Shares were suspended in MWB Group Holdings after the announcement In a statement, the group said it had failed to resolve debt issues with a subsidiary company, MWB Business Exchange.
Neil Greatrex was accused of stealing money from Phoenix Nursing and Residential Home Ltd, a subsidiary company of the UDM charity Nottinghamshire Miners Home.
Sydney, Australia, Jan 27, 2012 - (ABN Newswire) - Two of Gold Anomaly Limited's (ASX:GOA) wholly owned subsidiary companies are parties to a Joint Venture Agreement ("the JVA") with Triple Plate Junction Plc ("TPJ") and TPJ's subsidiary company in respect of the Crater Mountain Project in PNG ("Project").
The fine imposed on the Spanish subsidiary company was 36.7 million, including 8.3 million on Arcelor Mittal SA, which has claimed that the amounts imposed on its subsidiary companies are disproportionate when their economic value is taken into account.