Subsidiary Company (Noun)
Meaning
A company that is completely controlled by another company.
Classification
Nouns denoting groupings of people or objects.
Examples
- The large conglomerate had a subsidiary company that specialized in developing new technologies.
- The subsidiary company was fully owned by the parent corporation and had to follow their strict guidelines.
- Although the subsidiary company was given some autonomy, it still had to report to the main headquarters.
- The parent company made the decision to dissolve the subsidiary company due to financial difficulties.
- The subsidiary company's profits were consistently higher than those of the parent company, making it a valuable asset.