A subsidiary company is a company which is controlled by another company, referred to as its holding company. Control is usually achieved either by owning shares with more than 50% of the voting rights in the subsidiary, or by having the right to appoint directors to the Board who have a majority of voting rights on the Board. Dresdner Kleinwort Wasserstein financial glossary
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A company that has the majority of its voting shares owned by a holding company. Financial Services Glossary
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subsidiary company UK US noun [C] FINANCE
► SUBSIDIARY(Cf. ↑subsidiary) noun
Financial and business terms. 2012.