SUBSIDIARY

Subsidiary

A subsidiary, subsidiary company, daughter company, or sister company is a company that is completely or partly owned by another corporation that owns more than half of the subsidiary's stock, and which normally acting as a holding corporation which at least partly or a parent corporation, wholly controls the activities and policies of the daughter corporation. The subsidiary can be a company, corporation, or limited liability company. In some cases it is a government or state-owned enterprise. The controlling entity is called its parent company, parent, or holding company.

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subsidiary

Noun

  1. A company owned by a parent company or a holding company, also called daughter company or sister company.
  2. a subordinate theme

Adjective

  1. auxiliary or supplemental
  2. secondary or subordinate
    a subsidiary stream
  3. of, or relating to a subsidy
    subsidiary payments to an ally


The above text is a snippet from Wiktionary: subsidiary
and as such is available under the Creative Commons Attribution/Share-Alike License.

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