subsidiary company

noun

1. a company whose controlling interest is owned by another company.

subsidiary company

noun

1. a company with at least half of its capital stock owned by another company

Word History and Origins

Origin of subsidiary company¹

First recorded in 1915–20

Example Sentences

A strike of Teamsters workers was narrowly averted on July 23, after a pension fund agreed to extend health benefits to two Yellow subsidiary companies.

From Seattle Times

Nady Salameh was sanctioned as “the publicly registered officer” of companies registered in Luxembourg that purchased high-end real estate worth tens of millions of dollars through subsidiary companies in Belgium and Germany.

From Seattle Times

J&J sought to use the bankruptcy of its subsidiary company, LTL Management, to halt more than 38,000 lawsuits alleging the company’s Baby Powder and other talc products are contaminated with asbestos.

From Reuters

He also detailed TikTok's plan for addressing congressional concerns, including the company's strategy to move all its U.S. data to a U.S.-headquartered subsidiary company under a U.S.-led data security team.

From Salon

J&J used the bankruptcy of a subsidiary company, LTL Management, to halt more than 38,000 lawsuits from plaintiffs alleging the company’s baby powder and other talc products caused cancer.

From Reuters