Wholly owned subsidiary

The financial definition for Wholly owned subsidiary:

A subsidiary whose parent company owns virtually 100% of its common stock.

Similar Matches

International finance subsidiary

International finance subsidiary
A subsidiary incorporated in the US, usually in Delaware, whose sole purpose once was to issue debentures overseas and invest the proceeds in foreign operations, with the interest paid to foreign bondholders not subject to US withholding tax. Elimination of the corporate withholding tax has ended the need for this type of subsidiary.

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