Subsidiaries
/ˌsʌbsɪˈdɪəriz/
Definitions
- (n.) Corporations controlled or wholly owned by a parent company, often for organizational or liability purposes.
The parent company manages risk through its various subsidiaries located in different countries.
Related terms
See also
Commentary
Term typically used in corporate law to describe the relationship between entities; clarity on ownership and control is essential when drafting agreements involving subsidiaries.
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.