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GLOSSARY: Enter search term:
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Glossary Term: SUBSIDIARY

Definition(s) for SUBSIDIARY:


1. ) means, with reference to any corporation, partnership, limited liability company, business trust, joint venture or other entity, ownership by such entity, directly or indirectly, of fifty percent (50%) or more of the voting equity of such entity, the holders of which are entitled to vote for the election of a majority of the board of directors or any similar governing body of such corporation, partnership, limited liability company, business trust, joint venture or other entity, or if there are no voting interests, 500r more of the equity interests.


See Also:
INTERNATIONAL FINANCE SUBSIDIARY, LIMITATION ON SUBSIDIARY BORROWING, WHOLLY OWNED SUBSIDIARY, PARENT SUBSIDIARY, COMPANY SUBSIDIARY


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