Intercompany
Noun. [in-tur•kuhm-puh-nee]
- Accrued Dictionary definition: A full, family tree laden with branches. A company’s family tree can start with just two companies forming a union, but there are no limits to how large or complex a family can grow. Companies can have subsidiary children, multiple marriages, and extended family members included in their family tree. Aunt, uncle, cousin, and sister companies are connected by branches, making the “intercompany” a large family ordeal.
//The intercompany reunion this year is going to full of fun: water balloon fights, going through company scrapbooks, and listening to Grandpa Corp. tell us stories about our parent companies
- Textbook definition: A relationship between separate legal entities that belong to the same corporate enterprise, like a parent company and its subsidiaries that makes transactions between them very complex.
//In an intercompany transaction, a business sells or trades work to a company related to it.
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