Subsidiary

From Open Risk Manual

Definition

Subsidiary. A company that is entirely or partially owned and entirely or partially controlled by another company. A subsidiary is a separate, distinct legal entity from its parent company(ies) for the purposes of taxation, regulatory compliance, and with respect to liability.

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.