Okuzeka
Business English vocabulary · Company Structure

Subsidiary

Meaning in business english, with examples

/səbˈsɪdieri/nounCommon term

In business english, subsidiary means: A company that is owned or controlled by another company, called the parent company, but is a separate legal entity.

In Turkish: bağlı ortaklık, bağlı şirket, yan şirket

How it is used

Common in annual reports and company introductions: 'a wholly owned subsidiary', 'our Turkish subsidiary', 'the parent company and its subsidiaries'. Control usually means owning more than half of the voting shares.

Example sentences

  1. We're the Turkish subsidiary of a German engineering group.

  2. The parent company has subsidiaries in twelve countries.

Common collocations

  • wholly owned subsidiary
  • parent company and subsidiaries
  • local subsidiary
  • set up a subsidiary
  • headquartersThe main office of a company or organization, where top management works and the most important decisions are made.
  • branchOne of the local offices or shops of a larger organization, such as a bank, retailer or service company, in a different town or area.
  • board of directorsThe group of people elected by a company's shareholders to oversee its management and make major decisions, such as appointing the CEO.
  • CEOShort for chief executive officer: the highest-ranking manager in a company, responsible for its overall strategy and results.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Company Structure

Practise with graded reading

Reading at the right level is the fastest way to make new words stick. Pick free English books by level: