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English definition of “related company”

related company

noun [C]
 
 
FINANCE, WORKPLACE a company that controls or is controlled by another company, often one that is in the same business group: Many small family companies have grown into enormous conglomerates with dozens of related companies spread throughout the world. Non-executive directors could not be seen as independent if, in the past three years, they had a business relationship with a related company.
(Definition of related company from the Cambridge Business English Dictionary © Cambridge University Press)
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