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English definition of “subsidiary”

subsidiary

noun [C]     /səbˈsɪdiəri/ US   /səbˈsɪdieri/ (plural subsidiaries) (also subsidiary company) FINANCE
a company that is controlled by another: a banking/foreign subsidiary a majority-owned/wholly owned subsidiarysubsidiary of sth California First Bank is a 77%-owned subsidiary of Bank of Tokyo.
→ See also partly-owned subsidiary, sales subsidiary, wholly-owned subsidiary
(Definition of subsidiary noun from the Cambridge Business English Dictionary © Cambridge University Press)
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