Definition of Subsidiary

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TeachMeFinance.com - explain Subsidiary



Subsidiary

The term 'Subsidiary' as it applies to the area of energy can be defined as ' An entity directly or indirectly controlled by a parent company which owns 50% or more of its voting stock'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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