|Offshore finance subsidiary|
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Definition of Offshore finance subsidiary
Offshore finance subsidiary
A wholly owned affiliate incorporated overseas, usually in a tax haven country,
One of the three areas of the discipline of finance. It deals with the operation of the firm
finance that is not generated by the firm: new borrowing or a stock issue.
A discipline concerned with determining value and making decisions. The finance function allocates
Company engaged in making loans to individuals or businesses. Unlike a bank, it does not receive deposits from the public.
finance generated within a firm by retained earnings and depreciation.
International finance subsidiary
A subsidiary incorporated in the U.S., usually in Delaware, whose sole
Limitation on subsidiary borrowing
A bond covenant that restricts in some way a firm's ability to borrow at
A foreign-based affiliate that is a separately incorporated entity under the host country's law.
An account that is kept within a subsidiary ledger, which in turn
A company that is controlled by another company through ownership
An accounting record giving the detailed transactions in an account; the subtotals of the debits and credits are posted to the control account maintained in the general ledger. It helps to keep the general ledger free of clutter.
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