Subsidiary

Subsidiary is a company that is controlled by another company. A company whose voting stock is more than 50 percent owned by another company. The company with the majority interest is called the "parent company.".

Definition

According to the HRBoK Guide,

Subsidiary. A company that is controlled by another company. A company whose voting stock is more than 50 percent owned by another company. The company with the majority interest is called the "parent company.".