wholly-owned subsidiary

Definition

Subsidiary which is owned entirely by its holding company.

Use this term in a sentence

It was wholly-owned subsidiary, which meant that it was owned entirely by the holding company, which was cool to me.

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The company is a wholly-owned subsidiary of the widget company, their ties are deep as their history is quite extensive.

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After my company bought out a small competitor in our industry, my boss sent me to Las Vegas to run our new wholly-owned subsidiary .

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