subsidiary

  • 131insignificant subsidiary — For the purposes of related party transactions under the Listing Rules, an undertaking that represents less than 10% of the profits and assets of the listed company in each of the previous three years. Related links Listing Rules …

    Law dictionary

  • 132restricted subsidiary — USA This term has a number of meanings. In the context of: • Finance, a mechanism used in loan agreements to determine which subsidiaries of the borrower will be required to comply with the covenants, guaranty the loan and pledge collateral, and… …

    Law dictionary