Subsidiary Definition
A subsidiary is a company that is owned or controlled by another company, known as the parent company. The parent company may own all or part of the subsidiary. A subsidiary may be a separate legal entity from its parent company, or it may be an unincorporated division of the parent company. The term ‘subsidiary’ is used in different ways in different industries. In some industries, a subsidiary is a company that is affiliated with the parent company but operates independently. In other industries, a subsidiary is a company that is wholly owned and controlled by the parent company.
