Subsidiary

1. Accounting - noun.

Abbreviation for subsidiary undertaking.

A parent undertaking has a subsidiary undertaking - for accounting purposes - if it has control over the other entity.

The subsidiary is the entity (usually a company) which is controlled by the parent undertaking (also known as the group holding company).

2. Adjective.

Of lesser importance or lesser authority.

See also

• Acquisition accounting
• Group
• Group accounts
• Holding company
• Parent company
• Primary
• Secondary
• Strategic business unit
• Subsidiary undertaking
• Subsidiarity