wholly-owned subsidiary investment & finance definition
A subsidiary whose stock is owned by its parent
com-pany or another of the parent’s wholly-owned subsidiaries.
See wholly-owned subsidiary in Wall Street Words
A company that is totally owned by another company. For example, American Airlines is a wholly owned subsidiary of AMR Corp. A wholly owned subsidiary may have publicly traded preferred stock and debt, but all of its common stock is owned by a parent company and is unavailable for purchase.
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