- subsidiary
- A separate corporation that is owned by another corporation. American Banker Glossary————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. Bloomberg Financial Dictionary
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▪ I. subsidiary sub‧sid‧i‧a‧ry 1 [səbˈsɪdiəri ǁ -dieri] noun subsidiaries PLURALFORM [countable]a company that is at least half-owned by another company:• It is important that investors are able to deal with confidence with enterprises from other member states, whether directly, or through their subsidiaries.
subsidiary of• Chase Manhattan Bank is a subsidiary of Chase Manhattan Corp.
ˌpartly-owned subˈsidiarya company that is partly owned by another company, and also has other owners:• The company has sold 28 partly-owned subsidiaries.
ˈsales subˌsidiarya company that is owned by a larger company and sells its products:• Honda is setting up a sales subsidiary in Ukraine.
ˌwholly-owned subˈsidiarya company that is completely owned by another company:• A parent company in the UK will be legally responsible for the debts of its wholly-owned subsidiaries.
[m0] ▪ II. subsidiary subsidiary 2 adjectiveconnected with, but less important than, something:subsidiary to• The issue of responsibility is subsidiary to the pressing need to compensate victims.
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A company of which more than 50 percent of its voting stock is owned by the parent company.* * *
Ⅰ.subsidiary UK US /səbˈsɪdiəri/ US /səbˈsɪdieri/ noun [C] (plural subsidiaries) (also subsidiary company) FINANCE► a company that is controlled by another: »a banking/foreign subsidiary
»a majority-owned/wholly owned subsidiary
subsidiary of sth »California First Bank is a 77%-owned subsidiary of Bank of Tokyo.
→ See also PARTLY-OWNED SUBSIDIARY(Cf. ↑partly-owned subsidiary), SALES SUBSIDIARY(Cf. ↑sales subsidiary), WHOLLY-OWNED SUBSIDIARY(Cf. ↑wholly-owned subsidiary)Ⅱ.subsidiary UK US /səbˈsɪdiəri/ US /səbˈsɪdieri/ adjective► FINANCE owned or controlled by another company: a subsidiary bank/business/outlet »The company yesterday said its strategy is to grow subsidiary businesses for future sale.
► used to describe something less important than something else, with which it is connected: »Psychometric tests used at interview are not always accurate and only provide subsidiary information.
subsidiary to sth »The group wants the protocol to be subsidiary to the WTO.
Financial and business terms. 2012.