Definition: Ancillary corporation

SNA 1993

An ancillary corporation is a subsidiary corporation, wholly owned by a parent corporation, whose productive activities are ancillary in nature: that is, they are strictly confined to providing services to the parent corporation, or other ancillary corporations owned by the same parent corporation.
Source:
United Nations, "System of National Accounts (SNA) 1993", § 4.40, United Nations, New York, 1993
Created:
Updated:

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