Definition of Subsidiary
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•Affiliate: A foreign operation, formed as either a branch or a foreign-incorporated subsidiary. If a firm is owned between 20% and 49% by a parent, it is an affiliate. •Branch: A foreign operation not incorporated in the host country, in contradistinction to a subsidiary. •Subsidiary: A foreign operation incorporated in the host country Terminology
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Definition of Subsidiary
Transcript of Definition of Subsidiary
•Affiliate: A foreign operation, formed as either a branch or a foreign-incorporated subsidiary. If a firm is owned between 20% and 49% by a parent, it is an affiliate. •Branch: A foreign operation not incorporated in the host country, in contradistinction to a subsidiary.•Subsidiary: A foreign operation incorporated in the host country and owned 50% or more by a parent corporation.
Terminology