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affiliate

noun/əˈfɪlɪət/

B1CEFR level
25/100Rarity: fairly common
TechnicalRegister

A company connected to another through common ownership or control.

The loan was made to an overseas affiliate within the same corporate group.

Topic: Company & governance in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Company & governance