subsidiary
111Operating subsidiary — An operating subsidiary is a business term frequently used within the United States in corporate profile descriptions. In the railroad industry, for example, it refers to a company that is a subsidiary but operates with its own identity and… …
112Accounts Payable Subsidiary Ledger — An accounting ledger that shows the transaction history and amounts owed separately for each supplier from whom the business receives credit for purchases. The balance in the customer accounts is periodically reconciled with the accounts payable… …
113Accounts Receivable Subsidiary Ledger — An accounting ledger that shows the transaction and payment history separately for each customer to whom the business extends credit. The balance in each customer account is periodically reconciled with the accounts receivable balance in the… …
114Unconsolidated Subsidiary — A company that is owned by a parent company, but whose individual financial statements are not included in the consolidated or combined financial statements of the parent company to which it belongs. Instead, this type of company appears in the… …
115Wholly Owned Subsidiary — A company whose common stock is 100% owned by another company, called the parent company. A company can become a wholly owned subsidiary through acquisition by the parent company or spin off from the parent company. In contrast, a regular… …
116sales subsidiary — ➔ subsidiary1 * * * sales subsidiary UK US noun [C] COMMERCE ► a company that is owned by, and sells goods or services for, a larger company: »The company sells its products in 90 countries through 25 sales subsidiaries and 40 distributors …
117charging subsidiary — A subsidiary of a borrower whose assets are used to secure obligations of the borrower. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …
118material subsidiary — USA A subsidiary of a company which accounts for more than a certain percentage (typically 5% or 10%) of the consolidated assets or consolidated revenues of the borrower and its subsidiaries. For example, the loan agreement may provide that only… …
119International finance subsidiary — A subsidiary incorporated in the U.S., usually in Delaware, whose sole purpose was to issue debentures overseas and invest the proceeds in foreign operations, with the interest paid to foreign bondholders not subject to U.S. withholding tax. The… …
120international finance subsidiary — A subsidiary incorporated in the U.S., usually in Delaware, whose sole purpose once was to issue debentures overseas and invest the proceeds in foreign operations, with the interest paid to foreign bondholders not subject to U.S. withholding tax …
