Consolidated
/kənˈsɒlɪdeɪtɪd/
Definitions
- (adj.) Combined into a single whole, especially regarding financial statements or legal entities.
The consolidated financial statements include all subsidiaries under the parent company.
- (adj.) Made physically stronger or more secure, such as consolidated debts or consolidated claims.
The creditors agreed to a consolidated payment plan to simplify the debtor's obligations.
Related terms
See also
Commentary
Used primarily in corporate, financial, and procedural law contexts to denote combining entities or records into a unified form, ensuring clarity in legal and financial reporting.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.