subsidiary company
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Definition(s):
- (n) a company that is completely controlled by another company
Usage(s):
- 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.
- 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.
- Beyond this, there is the profit of the subsidiary company that insures the shell homes against fire and theft.
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/ˌæ prɪ ˈhɛn sɪv /
/ˌæ prɪ ˈhɛn sɪv /