Definition

affiliate (associate)

Part of the Business terms glossary:

An affiliate or associate business is a company with a parent company that owns less than a controlling percentage of the company's voting stock. Parent companies with affiliates are one type of conglomerate. When a parent corporation owns a controlling percentage -- usually at least 50% -- of another company, that company is known as a subsidiary

This was last updated in March 2013
Contributor(s): Ivy Wigmore
Posted by: Margaret Rouse

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