Brownsville. Brownsville (cob.us) is one of the most southern cities in Texas, just north of the Mexican border. The city acts as the gateway to Padre Island, a national park, and to the Gulf of Mexico.
In business, a principal is a person with primary authority and responsibility to make decisions. The principal is often an owner, operator, partner or high-ranking manager.rincipal-Agent Examples. In a real estate office, a broker is a principal, and other agents act on his behalf in the office. If an agent acts illegally, the office and principal broker face potential liability.
A subsidiary is a business that is wholly or partially owned by another business, sometimes called the parent company or holding company.The parent company owns sufficient voting stock in the subsidiary -- as a rule, at least 50% -- to give it control over the subsidiary's operations and management.In a wholly-owned subsidiary, the parent company owns 100% of the stock.A parent company with subsidiaries is one type of conglomerate, which is a company that comprises multiple different businesses.This was last updated in March 2013.he parent company owns sufficient voting stock in the subsidiary -- as a rule, at least 50% -- to give it control over the subsidiary's operations and management. In a wholly-owned subsidiary, the parent company owns 100% of the stock.