Definition, Meaning & Synonyms
subsidiaries
noun
/səbˈsɪdiˌɛriz/
Definition
A subsidiary is a company that is completely or partially owned and controlled by another company, known as the parent company.
Examples
- The parent company has several subsidiaries that operate in different markets.
- Many tech giants own multiple subsidiaries to diversify their portfolio.
Meaning
Subsidiaries are businesses that operate under the operation of a larger corporate group, allowing for a degree of independence while still being part of the larger entity.
Synonyms
- affiliates
- branches
- divisions
- holdings
- subordinate companies
