UK Accounting Glossary
A person or organisation officially attached to a larger body.
Someone or something, especially, a television station, that is associated with a larger, related organisation, as a television network; a member of a group of associated things.
An affiliate is a company or person linked to another company in some sense.
In the UK, the concept has no legal status.
1. Commerce: Two parties are affiliates if either party has the power to control the other, or a third party controls or has the power to control both. Affiliation also exists in (1) in interlocking directorates or ownership, (2) an identity of interests among members of a family and, (3) where employees, equipment, and/or facilities, are shared. Affiliates are subject to greater than normal legal prohibitions and requirements to guard against insider trading. See also subsidiary.
2. Electronic commerce: Firm which sells other merchants’ products at its own website. Visitors to the firm’s website may order merchandise from there, but the sale is transacted actually at the principal’s site who passes on a commission to the website from where the order originated.
As a new affiliate, you’ll probably spend want to some time browsing our product range to identify which products would be beneficial to your customers.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Affiliate are sourced/syndicated from:
This glossary post was last updated: 29th January 2019.