affiliate

affiliate ([schwa]-fil-ee-it), n.

1. A corporation that is related to another corporation by shareholdings or other means of control; a subsidiary, parent, or sibling corporation. [Cases: Corporations

1. 5. C.J.S. Corporations § 15.]

2. Securities. One who controls, is controlled by, or is under common control with an issuer of a security. SEC Rule 10b-18(a)(1) ( 17 CFR § 240.10b-18(a)(1)). See CONTROL PERSON. Cf. ASSOCIATED PERSON. — affiliate ([schwa]-fil-ee-ayt), vb. — affiliation ([schwa]-fil-ee-ay-sh[schwa]n), n.

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