| 单词 | subscription shares |
| 释义 | subscription shares subscription shares1. Shares in a building society that are paid for by instalments; they often pay the highest interest rates. subsidiary undertaking(group undertaking) An undertaking that is controlled by another undertaking (the parent or holding company). The extent of the control needed to define a subsidiary is given in the Companies Act. The financial statements of a subsidiary undertaking are normally included in the consolidated financial statements of the group. See alsoquasi-subsidiary; wholly owned subsidiary. |
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