subsidiary company
subsidiary company
subsidiary company
| Noun | 1. | subsidiary company - a company that is completely controlled by another company |
| 单词 | subsidiary company | |||
| 释义 | subsidiary companysubsidiary companysubsidiary company
subsidiary companySubsidiarysubsidiary companya 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.subsidiary companya 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.subsidiary company
Synonyms for subsidiary company
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