Subsidiary
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Subsidiary is a company that is controlled by another company. A company whose voting stock is more than 50 percent owned by another company. The company with the majority interest is called the "parent company.".
Definition
According to the HRBoK Guide,
- Subsidiary. A company that is controlled by another company. A company whose voting stock is more than 50 percent owned by another company. The company with the majority interest is called the "parent company.".
