C1nounformalbusinessmoney
US/səbˈsɪd.i.er.i/
UK/səbˈsɪd.i.ər.i/
a company that is owned or controlled by a larger company
In context
The firm opened a subsidiary in Vietnam to serve customers across Southeast Asia.
The airline is a wholly owned subsidiary of a large travel group.
Profits from the foreign subsidiary are included in the annual report.
Words that go with subsidiary
adverb + adjective
- wholly owned subsidiaryLumina is a wholly owned subsidiary of Orion Group.
adjective + noun
- foreign subsidiaryThe foreign subsidiary reports to the head office in Chicago.
- local subsidiaryOur local subsidiary employs about two hundred people.
verb + noun
- set up a subsidiaryThey set up a subsidiary to handle European sales.
- acquire a subsidiaryThe group plans to acquire a subsidiary in Brazil.
noun + preposition
- subsidiary ofThe bank is a subsidiary of a Japanese company.
Common mistakes
Incorrect:
a subsidiary company of the head officeCorrect: a subsidiary of the parent company