👉 Counterquartered, also known as "non-countered," is a term used in accounting to describe the process of combining two or more companies that have different financial and business structures. In this context, it refers to the process of merging or consolidating these companies into one entity, often for tax purposes or regulatory compliance reasons. The term was originally coined by the U.S. Department of Treasury in 1982 as a way to simplify accounting for foreign ownership of American businesses. By combining two
