subsidiary company
Definition
Noun: A subsidiary company is a legal entity that is completely controlled by another company, known as the parent company or holding company. The parent company typically owns a majority of the subsidiary's voting stock, giving it the power to govern its operations and management.
Usage
A "subsidiary company" operates as its own distinct corporation but is under the ultimate control and ownership of its parent. This term is used in business, finance, and legal contexts. - The parent company is responsible for the subsidiary's financial statements. - A subsidiary company can have its own brand and management team.
Examples
Advanced Usage
- "Wholly-owned subsidiary": A specific type of subsidiary where the parent company owns 100% of its shares.
- The technology firm operates as a wholly-owned subsidiary company of the global conglomerate.
Variants and Related Words
- Subsidiary (n): The more common short form of "subsidiary company." It has the same core meaning.
- The parent company has several foreign subsidiaries.
- Affiliate (n): A company related to another, often through partial ownership, but not necessarily under complete control like a subsidiary.
- Division (n): An internal part of a company, not a separate legal entity like a subsidiary company.
Synonyms
- Controlled company
- Child company
Antonyms
- Parent company
- Holding company
Noun
-
a company that is completely controlled by another company
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