What do you mean by affiliates

Our first tests emerged from an agreement between the University of the Republic, a local affiliate of the Pasteur Institute, and our central government. Meanwhile, other publishers like Thrillist and The Strategist have been looking for new ways to extend their already growing affiliate businesses. Well let me tell you my experience with Health Republic and its affiliate MagnaCare. But the most recent poll of the race, conducted for the Baton Rouge Fox affiliate , has Landrieu ahead of Cassidy 36 to 32 percent.

A local NBC affiliate reported that, when reached by phone, McFarland had confirmed the details of his revelation. A multinational company may set up affiliates to break into international markets while protecting the parent company's name in case the affiliate fails or the parent company is not viewed favorably due to its foreign origin. Understanding the differences between affiliates and other company arrangements is important in covering debts and other legal obligations.

Affiliates can be found all around the business world. In the corporate securities and capital markets , executive officers, directors, large stockholders, subsidiaries, parent entities, and sister companies are affiliates of other companies. Two entities may be affiliates if one owns less than a majority of voting stock in the other.

For instance, Bank of America has a number of different affiliates around the world including Merrill Lynch. Affiliation is defined in finance in a loan agreement as an entity other than a subsidiary directly or indirectly controlling, being controlled by or under common control with an entity. In commerce, two parties are affiliated if either can control the other, or if a third party controls both. Affiliates have more legal requirements and prohibitions than other company arrangements to safeguard against insider trading.

An affiliate network is a group of associated companies that offer compatible or complementary products and will often pass leads to each other. They may offer cross-promotional deals, encouraging clients who have utilized their services to look into the services offered by an affiliate.

In banking, affiliate banks are popular for underwriting securities and entering foreign markets where other banks do not have direct access. Unlike an affiliate, a subsidiary's majority shareholder is the parent company.

The parent thus has a great deal of control over the subsidiary and is allowed to make important decisions such as the hiring and firing of executives, and the appointment of directors on the board. Internal Revenue Service.

Accessed Aug. Bank of America. Business Essentials. Corporate Finance. Financial Analysis. Company Profiles. Financial Ratios. Johnson, CNN , 26 Oct. First Known Use of affiliate Verb , in the meaning defined at transitive sense 1a Noun , in the meaning defined above.

Learn More About affiliate. Time Traveler for affiliate The first known use of affiliate was in See more words from the same year. Style: MLA. English Language Learners Definition of affiliate Entry 1 of 2. Kids Definition of affiliate. Legal Definition of affiliate Entry 1 of 2. Legal Definition of affiliate Entry 2 of 2. Get Word of the Day daily email!

The legal definition of "affiliate" applies to business and retail relationships. Affiliates are organizations, individual persons, or business concerns that are controlled by a third party or each other.

Affiliates often have the following:. For corporate law and taxes, when a company is under the same umbrella as another company, whether as a member or subordinate, that company is deemed an affiliate.

Two companies may fall under one umbrella if an affiliate is less than 50 percent owned by the parent company. In this case, one company will have control, or a third party may take control.

Two corporations may be affiliated with one another when a minority interest shareholding this must fall under the 50 percent previously mentioned is in place or when the corporations are subsidiaries of each other.