Longman Dictionary of Contemporary English
associated company
noun
EXAMPLES FROM CORPUS
▪ Associated company A parent company has a 30% interest in an associated company.
▪ How should the associated company be treated in the parent's consolidated financial statements?
▪ However, it should almost certainly be treated as an associated company and be equity-accounted in future.
▪ In the parent company's own balance sheet, the investment in the associated company should be shown at cost.
▪ While the plaintiff was working under the control of an associated company he was injured.