Financial Glossary: Associate


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Associate

Associate

An associate is a company over which a parent company has a significant influence.

An associate company is also called associated undertaking or Equity affiliate.

Associate company is a company in which another company owns a significant portion of the shares, but not over 50% at which point it would become a Subsidiary.

A Subsidiary, in business, is an entity controlled by another entity. The controlled entity is called is called the company and the controlling company is the parent company.

Posted by Opal Financial Group

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