AFFILIATE Definition

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AFFILIATE is a 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.

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OWNERS DRAW see PROPRIETORS DRAW.

FRANC is a currency of: Algeria, Belgium, Benin, Burkina Faso, Burundi, Cameroon, Chad, Comoros, Congo, Djibouti, Equatorial African States, Equatorial Guinea, France, Gabon, Guadeloupe, Guinea, Katanga, Luxembourg, Madagascar, Mali, Martinique, Monaco, Morocco, Niger, Rwanda, Saar, Senegal, Switzerland, Tahiti, Togo, Tunisia, and West African States.

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