Subsidiary

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Revision as of 08:42, 1 November 2016 by imported>Doug Williamson (Update.)
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1.

Accounting.

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.

Of lesser importance.


See also