A business organization that shares some aspect of common ownership or control with another business organization. American Banker Glossary
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Relationship between two companies when one company owns substantial interest, but less than a majority of the voting stock of another company, or when two companies are both subsidiaries of a third company. Bloomberg Financial Dictionary
See: subsidiary, parent company. Bloomberg Financial Dictionary
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▪ I. affiliate af‧fil‧i‧ate 1 [əˈfɪlit] noun [countable] ORGANIZATIONS
a small company or organization that is connected with or controlled by a larger one:
• Fuji Xerox Co., the Japanese affiliate of Xerox Corp
[m0] ▪ II. affiliate af‧fi‧li‧ate 2 [əˈfɪlieɪt] verb [intransitive, transitive]
if a group or organization affiliates to or is affiliated to a larger one, it is connected with it or controlled by it:
affiliate to
• The company is affiliated to the giant Sumitomo group.
• Student associations almost all affiliate to the National Union of Students.
— affiliated adjective :
• a complicated network of affiliated companies
• Most local TV stations are affiliated with one of the major networks.
— affiliation noun [uncountable] :
• its affiliation to the industry federation
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Two companies are affiliated when one owns less than a majority of the voting stock of the other or if both are subsidiaries of a third company.
► See also Associate, Subsidiary.
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Ⅰ.
affiliate UK US /əˈfɪliət/ noun [C]
► an organization that is officially connected with or controlled by another, usually larger, organization: »
The study estimates that the school and its affiliates generate employment of 52,459 workers.
»The company has sold its affiliate marketing business.
Ⅱ.
affiliate UK US /əˈfɪlieɪt/ verb [T, usually passive]
Financial and business terms. 2012.