definition of a dormant subsidiary
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Join Law Insider Definition of Dormant Subsidiary. Dormant Subsidiary means a Subsidiary that owns assets in an amount equal to no more than $5,000,000 or is dormant or otherwise inactive.
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OracleUG Subledger accounting. What is a subledger. The subledger, or subsidiary ledger, is a subset of the general ledger used in accounting. The subledger shows detail for part of the accounting records such as property and equipment, prepaid expenses, etc. The detail would include such items as date the item was purchased or expense incurred, a description of the item, the original balance, and the net book value.
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- dormant (not comparable) 1  Inactive, sleeping, asleep, suspended. Grass goes dormant during the winter, waiting for spring before it grows again. ( 2 heraldry) In a sleeping posture; distinguished from couchant. a lion dormant.
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Centreville, Illinois This city: Illinois: According to our research of Illinois and other state lists there were 16 registered sex offenders living in Centreville, Illinois as of August 16, 2016. The ratio of number of residents in Centreville to the number of sex offenders is 325 to 1. Nearest city with pop. 50,000+: St. Louis, MO (8.1 miles , pop. 348,189).
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- The company that holds an interest in another company is referred to as the ‘parent company’. The key difference between Subsidiary and Associate is that while subsidiary is a company where the parent is a majority shareholder, parent holds a minority position in an associate. CONTENTS 1. Overview and Key Difference 2. What is a Subsidiary 3.
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What is the difference between a subsidiary and a wholly owned subsidiary? A subsidiary is a corporation owned 50% or more by another corporation. The owning corporation is usually called the parent or holding company. A company that is 100% owned and controlled by ... Markets. A company whose common stock is 100% owned by another company, called the parent company.
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- accounts payable subsidiary ledger. Definition. A type of accounting ledger that is kept separately containing the accounts of all of a company's creditors. The ledger is used to update to applicable permanent accounts at the end of each period and is constantly in flux. Most Viewed.
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Wholly-owned Subsidiary Rate this wholly-owned subsidiary definition... A wholly-owned subsidiary is a company whose stock is entirely owned by another company. The owner of a wholly-owned subsidiary is known as the parent company or holding company.
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Subsidiary subsidiary. A company controlled or owned by another company. For example, the trucking company Overnite Transportation is a wholly owned subsidiary of Union Pacific Corporation. If a subsidiary is wholly owned, all its stock is held by the parent company.ubsidiary. A company controlled or owned by another company. For example, the trucking company Overnite Transportation is a wholly owned subsidiary of Union Pacific Corporation. If a subsidiary is wholly owned, all its stock is held by the parent company.
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- Dormant account. A dormant account is a login account which has not had any login activity for an extended period of time, defined by being at least some N number of days. Dormant accounts are generally assumed to be unneeded -- no use implies no need.
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- Subsidiary Company. Definition: A subsidiary company is a business entity that is controlled by another organization through ownership of a majority of its voting stock.
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dormant (dôr'mənt) Being in an inactive state during which growth and development cease and metabolism is slowed, usually in response to an adverse environment. In winter, some plants survive as dormant seeds or bulbs, and some animals enter the dormant state of hibernation. Not active but capable of renewed activity.
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Clarence Thomas Dormant Commerce Clause. The dormant Commerce Clause, also known as the negative Commerce Clause, is a legal doctrine that courts in the United States have inferred from the Commerce Clause in Article I of the United States Constitution. The Commerce Clause expressly grants Congress the power to regulate commerce among the several states..
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What Is the Difference Between a Subsidiary & a Sister Company? Subsidiary. Subsidiary companies are companies owned by a parent company. Subsidiary companies are separate legal entities created by the parent company or another party. Subsidiaries are not divisions of the parent company -- divisions are incorporated into the parent company and not legally separate.A subsidiary company is sometimes referred to as a “daughter company” to the parent or holding company. subsidiary company can have controlling interests in its own set of subsidiary companies. Wholly-owned subsidiaries are 100 percent owned by the parent company. An example would be the Disney Channel, which is wholly owned by The Disney Corporation.
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When a parent company goes public, does that mean the subsidiary company also goes public? What does this mean for the equity of the subsidiary's employees? The subsidiaries remain private. They are private subsidiaries of a public company. Think about it: if a subsidiary went public, that would mean that its shares were being offered to the public, instead of all being owned by the parent company, and so it would no longer be a subsidiary.
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What is a 'Wholly Owned Subsidiary' A company whose common stock is 100% owned by another company, called the parent company. A company can become a wholly owned subsidiary through acquisition by the parent company or spin off from the parent company.
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Difference Between Subsidiary and Associate The company that holds an interest in another company is referred to as the ‘parent company’. The key difference between Subsidiary and Associate is that while subsidiary is a company where the parent is a majority shareholder, parent holds a minority position in an associate. CONTENTS.
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- Subsidiary and Wholly Owned Subsidiary. A subsidiary company is a company which is owned by a larger company or corporation. The larger company is known as the parent corporation. The parent company can own the subsidiary company by owning more than 50% of the issued share capital.
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What is the difference between a subsidiary and a wholly owned subsidiary? A subsidiary company is considered wholly owned when all of the common stock is owned by another company, the parent company.With a wholly owned subsidiary, the company's stock is not traded publicly. It remains an independent legal body, a corporation with its own organized framework and administration. subsidiary company is considered wholly owned when all of the common stock is owned by another company, the parent company.
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When is a Parent Company Liable for the Acts of a Subsidiary? Washington Corporate Law A parent corporation may be liable for its subsidiaries’ obligations when state law supports “piercing the corporate veil”–a legal term of art that means disregarding the liability protection afforded by a limited liability entity such as a corporation or limited liability company.o pierce the corporate veil and find a parent corporation liable for a subsidiary’s debts, the plaintiff suing the parent entity must show that there is an overt intention by the corporation to disregard the corporate entity in order to avoid a duty owed to that plaintiff.
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spinoff A situation in which a company offers stock in one of its wholly-owned subsidiaries or dependent divisions such that subsidiary or division becomes an independent company. The parent company may or may not maintain a portion of ownership in the newly spun-off company.
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Subsidiary Also, because a parent company and a subsidiary are separate entities, it is entirely possible for one of them to be involved in legal proceedings, bankruptcy, tax delinquency, indictment, and/or under investigation, while the other is not. subsidiary may itself have subsidiaries, and these, in turn, may have subsidiaries of their own. A parent and all its subsidiaries together are called a group, although this term can also apply to cooperating companies and their subsidiaries with varying degrees of shared ownership.
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- DEFINITION of 'Subsidiary'. A company whose voting stock is more than 50% controlled by another company, usually referred to as the parent company or holding company. A subsidiary is a company that is partly or completely owned by another company that holds a controlling interest in the subsidiary company. company whose voting stock is more than 50% controlled by another company, usually referred to as the parent company or holding company.
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- On an outlay-equivalent basis, the value of the nuclear PTC is higher at 1.45 ¢/kWh (Earth Track calculations). Aggregate caps under existing rules are $750 million per year, or $6 billion in total on a nominal basis. Comparable outlay equivalent values are $1.1 billion per year and $8.6 billion in total.
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Subsidiary A parent company does not have to be the larger or more powerful entity; it is possible for the parent company to be smaller than a subsidiary, such as DanJaq, a closely held family company, which controls Eon Productions, the large corporation which manages the James Bond franchise. subsidiary may itself have subsidiaries, and these, in turn, may have subsidiaries of their own. A parent and all its subsidiaries together are called a group, although this term can also apply to cooperating companies and their subsidiaries with varying degrees of shared ownership.
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- Means (i) any Subsidiary of the Company that at the time of determination is an Unrestricted Subsidiary, as designated by the Board in the manner provided below, (ii) any Special Purpose Subsidiary that is designated by the Board in the manner provided below and (iii) any Subsidiary of an Unrestricted Subsidiary.