HomeDefinitionsCompareDebt Wholly owned subsidiaryThe financial definition for Wholly owned subsidiary:A subsidiary whose parent company owns virtually 100% of its common stock. Similar MatchesInternational finance subsidiaryInternational finance subsidiaryA 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. Click to compare definitions of Wholly owned subsidiary Click to view definitions beginning wh |