ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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WHOLLY OWNED SUBSIDIARY Definition
WHOLLY OWNED SUBSIDIARY is an entity whose parent owns virtually 100% of its common stock.
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TIC is Total Invested Capital.
SUBORDINATED DEBENTURE, in securities, is a debt issue whose claim on assets is subordinated to that of general creditors in the event of a liquidation, as stated in the bond indenture.
