b c d e f g h i j k l m n o p q r s t u v w y z search |
TeachMeFinance.com - explain finance subsidiary finance subsidiary -- a thrift institution's subsidiary company organized for the sole purpose of selling securities, typically preferred stock or mortgage-backed securities. The subsidiary may only sell those securities that the parent thrift itself is authorized to issue directly (or in the case of a mutual association those securities it would be permitted to issue if it converted to a stock institution). The subsidiary remits proceeds from the sale of securities to the parent thrift.
|