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English definition of “associated company”

associated company

noun [C]
 
 
( plural associated companies) ( also associate company)
WORKPLACE a company in which another company has a stake of between 20% and 50% (= owns this percentage of its shares): In the parent company's own balance sheet, the investment in the associated company should be shown at cost.
(Definition of associated company from the Cambridge Business English Dictionary © Cambridge University Press)
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