affiliate company legal definition
Related Terms. 1  1. Commerce: Two parties are affiliates if either party has the power to control the other, or a third party controls or has the power to control the both. 2  2. Electronic commerce: Firm which sells other merchants' products at its own website. To comport better with the purposes of the foreign affiliate legislation, we recommend that the definition be modified to read, as follows: Software product offerings spell tremendous opportunity for affiliates, said Todd Crawford, Digital River's vice president of affiliate sales and business development. A corporation that is an affiliate to the parent company. A corporation of which another company owns a significant percentage, but not a majority, of its shares. This gives the company a great deal of influence, but not outright control, of the affiliated corporation. See also: Subsidiary, Parent company. affiliated company - Investment & Finance Definition. The definition of “affiliated company” will vary, depending on the context in which the term is used. One way that companies are considered affiliated is when one company owns less than the majority interest in another company. Companies also may be affiliated when they are subsidiaries of a third company. Affiliated corporation. A corporation that is an affiliate to the parent company. Affiliated Corporation. A corporation of which another company owns a significant percentage, but not a majority, of its shares. This gives the company a great deal of influence, but not outright control, of the affiliated corporation. As another example, the restriction on lending for repayment of securities causes a bank compliance problems when renewing a company's revolving line of credit if a section 20 affiliate has underwritten an offering by that company since the credit was first extended. Affiliate marketing, the oft unsung workhorse of online marketing, has been one of the most dependable, consistent and predictable merchant customer acquisition channels since the late 90s, said Chris Henger, vice president of affiliate marketing at Performics. Convenient, Affordable Legal Help - Because We Care! Affiliates Law and Legal Definition. Affiliates are business concerns, organizations, or individuals that control each other or that are controlled by a third party. Control may consist of shared management or ownership; common use of facilities, equipment, and employees; or family interest. Share this: In defining “affiliate,” too-loose a definition of “control” can get really expensive. In negotiating contracts, I generally resist suggestions to define the “affiliates” of a company as including other entities that the company controls through, for example,... See also (list is generated automatically): 1  In defining “affiliate,” too-loose a definition of “control” can get really expensive. In negotiating contracts, I generally resist suggestions to define the “affiliates” of a company as including other entities that the company controls through, for example,...
A corporation of which another company owns a significant percentage, but not a majority, of its shares, This gives the company a great deal of influence, but not outright control, of the affiliated corporation.