Fellow subsidiaries are subsidiaries that are part of the same parent group of companies, sharing a common controlling parent company but operating independently of each other.
A group company is a term referring to an organization that is either a subsidiary undertaking or a holding company within a larger conglomerate.
A business entity that is part of a larger corporate group, encompassing various companies with shared ownership or control connections, often referred to in relation to subsidiary undertakings.
In the USA, a guaranteed bond is issued by one party with payment guaranteed by another party. This often involves a subsidiary undertaking issuing the bond while the holding company guarantees the payment.
Describes the grounds on which a subsidiary undertaking may be excluded from the consolidated financial statements of a group because the group's interest in the subsidiary is held exclusively with a view to subsequent resale.
An intermediate holding company is a corporate entity that functions as both a holding company for a group of companies and as a subsidiary of a larger parent company. This dual role allows it to qualify for specific exemptions from publishing consolidated financial statements.
A quasi-subsidiary is a company, trust, partnership, or other arrangement that does not fulfill the definition of a subsidiary undertaking but is directly or indirectly controlled by the reporting entity and provides similar benefits.
Severe long-term restrictions impede a holding company's ability to exercise its rights over the assets or management of a subsidiary undertaking. Such restrictions are grounds for excluding a subsidiary from consolidation and treating it as a fixed-asset investment.
A sub-subsidiary refers to a subsidiary undertaking of a company that is itself a subsidiary of another parent company.
An unconsolidated subsidiary refers to a subsidiary undertaking that, while a subsidiary of a group, is not included in the consolidated financial statements of the group.
A wholly owned subsidiary is a company whose entire stock is owned by another company, known as the parent company or holding company. This structure provides the parent company with complete control over the subsidiary.
