Under IFRS, a subsidiary is 'an entity, including an unincorporated entity such as a partnership, that is controlled by another entity (known as the parent)'. For UK GAAP and UK law purposes, there is a distinction between 'subsidiary' and 'subsidiary undertaking'. Section of the Act defines a 'subsidiary' for the general purposes of the Act but not for accounting purposes. Section 258 of the Act defines a 'subsidiary undertaking' for accounting purposes, chiefly in connection with consolidation.
A ‘child’ of a ‘parent’ company. Partially or wholly owned by the parent, the subsidiary is organized and financed separately, in the event that a business failure of the subsidiary will not affect the parent company’s finances.
A corporation, owned or controlled by a holding or parent company, most often through the option of voting stock. The operations of a subsidiary are usually included in the financial statements of the parent company.
The parent or holding company owns the majority of the voting shares of another company. Thus, the subsidiary is wholly or partially owned and controlled by another company. A foreign subsidiary is a separately incorporated entity under the host country's law.
A subsidiary is a company which is owned or controlled by another firm or company. Subsidiaries include firms in which your company owns more than 50 percent of the outstanding voting stock, as well as firms in which your company has the power to direct or cause the direction of the management and policies.
A subsidiary is a company owned or controlled by a parent or holding company. The relationship between parent and subsidiary depends on majority control of the voting rights of the shares or the ability to appoint the majority of directors.
A subsidiary is an organisation which is wholly or partly owned by another organisation (the "parent" organisation) and which is controlled by the parent. The parent must either: be a member of the subsidiary and control the composition of its management committee; or hold more than half of the shares issued by the subsidiary.
A subsidiary, in business, is an entity which is controlled by another entity. The controlled entity is called a company, Corporation, or Limited Liability Company, and the controlling entity is called its parent (or the parent company). The reason for this distinction is that an individual cannot be a subsidiary of any organization, only an entity representing a legal fiction as a separate entity can be a subsidiary.