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Home > QFINANCE Dictionary > Definition of wholly-owned subsidiary

Definition of

wholly-owned subsidiary

Business

firm completely owned by another a company that is completely owned by another company. A wholly-owned subsidiary is a registered company with board members who all represent one holding company or corporation. Board members may be directly from the holding company or acting as its nominees, or they may be from other wholly-owned subsidiaries of the holding company.

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Definitions of ’wholly-owned subsidiary’ and meaning of ’wholly-owned subsidiary’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’wholly-owned subsidiary’ and other financial terms with our online QFINANCE Financial Dictionary.

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