subsidiary company subsidiary company

Definition(s):

  • (n) a company that is completely controlled by another company

Usage(s):

  1. For $200 he would be allowed to buy $500 worth of stock, borrowing the other $300 from a bank or subsidiary company, with his stock as collateral.
  2. By war's end, the school had proved so successful that Northrop turned it into a subsidiary company with the sole function of educating technicians for the entire aircraft industry.
  3. Beyond this, there is the profit of the subsidiary company that insures the shell homes against fire and theft.

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cursory cursory
/ˈkɜr sə ri /