Business, Legal & Accounting Glossary
Company in a group which is controlled by another (the parent company). Sometimes called subsidiary undertaking.
The Subsidiary company now receive a preferential treatment when it come to subcontract work.
As a result of the changes, our subsidiary companies will now have alot more autonomy.
subsidiary, daughter company, affiliated company, subsidiaries
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This glossary post was last updated: 6th January, 2020 | 0 Views.