second-tier subsidiary
Definition
A standalone entity in an organization's hierarchy that operates in the second level of subsidiaries that are owned by an entity that operates in the first level of subsidiaries which is owned by a controlling entity that operates as the parent company.
Related Articles
- Overview of Annual Reports *
- An Overview of Mortgages *
- What Is a Capital Gain and What Does It Mean For My Taxes? *
- "Buy Straddle" Option Investment Strategy *
- An Explanation of the Various Facets of a 401(k) Plan *
- Yield, Duration and Ratings of Bonds *
- Types of Retirement Plans *
- Introduction to Health Insurance Policies *
Related Videos
http://www.businessdictionary.com/definition/second-tier-subsidiary.html
