WHOLLY OWNED SUBSIDIARY Definition

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WHOLLY OWNED SUBSIDIARY is an entity whose parent owns virtually 100% of its common stock.

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CONTANGO is the commission paid by a buyer for the postponement of a transaction on a stock exchange when prices for future delivery are higher than those for cash or spot transactions. The opposite is backwardation.

FINANCIAL INSTITUTION is an institution (public or private) that collects funds (from the public or other institutions) and invests them into financial assets.

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