Subsidiary
/səbˈsɪdiˌɛri/
Definitions
- (n.) A company controlled by another company, known as the parent company.
The conglomerate owns several subsidiaries in different industries.
- (adj.) Providing supplementary or additional support to something else.
The subsidiary clause elaborates on the main contract.
Forms
- subsidiaries
Related terms
Commentary
In legal contexts, distinguishing between a subsidiary and its parent company is crucial for liability and governance issues.
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.