👉 In accounting and finance, a "nonsubsidiary" refers to an entity that does not have any direct or indirect control over another entity. This includes entities such as joint ventures, partnerships, and other forms of collaborative arrangements. Nonsubsidiary relationships can arise in various business contexts, including those involving multiple owners or partners, where each party has a different level of influence over the relationship. For example, a company might have a parent company that owns all of its subsidiaries, while another subsidiary
