subsidiary
noun [ C ]
FINANCE uk/səbˈsɪdiəri/ us/səbˈsɪdieri/ plural subsidiaries (also subsidiary company)a company that is controlled by another:
a banking/foreign subsidiary
a majority-owned/wholly owned subsidiary
subsidiary of sth California First Bank is a 77%-owned subsidiary of Bank of Tokyo.
See also
partly-owned subsidiary
sales subsidiary
wholly-owned subsidiary
subsidiary
adjective
uk/səbˈsɪdiəri/ us/səbˈsɪdieri/ FINANCE
owned or controlled by another company:
a subsidiary bank/business/outlet The company yesterday said its strategy is to grow subsidiary businesses for future sale.
used to describe something less important than something else, with which it is connected:
Psychometric tests used at interview are not always accurate and only provide subsidiary information.
subsidiary to sth The group wants the protocol to be subsidiary to the WTO.