Subsidiary: Difference between revisions
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1. ''Accounting''. | 1. ''Accounting - noun''. | ||
Abbreviation for subsidiary undertaking. | Abbreviation for subsidiary undertaking. | ||
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2. | 2. ''Adjective.'' | ||
Of lesser importance. | Of lesser importance or lesser authority. | ||
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* [[Holding company]] | * [[Holding company]] | ||
* [[Parent company]] | * [[Parent company]] | ||
* [[Primary]] | |||
* [[Secondary]] | |||
* [[Strategic business unit]] | * [[Strategic business unit]] | ||
* [[Subsidiary undertaking]] | * [[Subsidiary undertaking]] | ||
Latest revision as of 19:59, 26 December 2022
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.
