Meaning of “wholly-owned subsidiary” in the English Dictionary

business-english dictionary

"wholly-owned subsidiary" in Business English

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wholly-owned subsidiarynoun [ C ]

uk us FINANCE

a company whose shares are all owned by another company:

Under terms of the merger agreement, Learning Co. will become a wholly owned subsidiary of Broderbund.

(Definition of “wholly-owned subsidiary” from the Cambridge Business English Dictionary © Cambridge University Press)