affiliate
affiliate
Under Title 11 U.S.C. Section 101:
(2) The term "affiliate" means—
(A) entity that directly or indirectly owns, controls, or holds with power to vote, 20 percent or more of the outstanding voting securities of the debtor, other than an entity that holds such securities—
(i) in a fiduciary or agency capacity without sole discretionary power to vote such securities; or
(ii) solely to secure a debt, if such entity has not in fact exercised such power to vote;
(B) corporation 20 percent or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote, by the debtor, or by an entity that directly or indirectly owns, controls, or holds with power to vote, 20 percent or more of the outstanding voting securities of the debtor, other than an entity that holds such securities—
(i) in a fiduciary or agency capacity without sole discretionary power to vote such securities; or
(ii) solely to secure a debt, if such entity has not in fact exercised such power to vote;
(C) person whose business is operated under a lease or operating agreement by a debtor, or person substantially all of whose property is operated under an operating agreement with the debtor; or
(D) entity that operates the business or substantially all of the property of the debtor under a lease or operating agreement.

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

Synonyms:

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  • affiliate — af·fil·i·ate 1 /ə fi lē ˌāt/ vb at·ed, at·ing vt 1: to bring or receive into close association as a member or division 2: to join or associate as a member or division vi: to connect or associate oneself usu. used with with has jus …   Law dictionary

  • Affiliate — Af*fil i*ate, v. t. [imp. & p. p. {Affiliated}; p. pr. & vb. n. {Affiliating}.] [LL. adfiliare, affiliare, to adopt as son; ad + filius son: cf. F. affilier.] 1. To adopt; to receive into a family as a son; hence, to bring or receive into close… …   The Collaborative International Dictionary of English

  • Affiliate — Af*fil i*ate, v. i. To connect or associate one s self; followed by with; as, they affiliate with no party. [1913 Webster] …   The Collaborative International Dictionary of English

  • Affiliate —   [dt. »Geschäftspartner«], in der Werbung im Internet Bezeichnung für Website Besitzer, die gegen Bezahlung Links auf den Webauftritt eines Unternehmens in die eigene Homepage integrieren. Besonders E Commerce Firmen wie amazon.de betreiben… …   Universal-Lexikon

  • affiliate — [n] organization that is associated with another affil*, associate, branch, offshoot, partner, sibling; concept 381 affiliate [v] associate or be associated with a larger organization ally, amalgamate, annex, associate, band together, combine,… …   New thesaurus

  • Affiliate — (Partner ) Programme bieten Firmen die Möglichkeit, Partner eines großen Internetanbieters (beispielsweise amazon.com) zu werden und dessen Produkte auf der eigenen Website anzubieten und zu verkaufen. Für jeden erfolgreichen Verkauf erhält der… …   Online-Wörterbuch Deutsch-Lexikon

  • affiliate — ► VERB ▪ officially attach or connect to an organization. ► NOUN ▪ an affiliated person or organization. DERIVATIVES affiliation noun affiliative adjective. ORIGIN Latin affiliare adopt as a son …   English terms dictionary

  • affiliate — [ə fil′ē āt΄; ] for n., usually [, ə fil′ēit] vt. affiliated, affiliating [< ML affiliatus, pp. of affiliare, to adopt as a son < L ad , to + filius, son] 1. to take in as a member or branch 2. to connect or associate (oneself) with an… …   English World dictionary

  • affiliate — A business organization that shares some aspect of common ownership or control with another business organization. American Banker Glossary Relationship between two companies when one company owns substantial interest, but less than a majority of …   Financial and business terms

  • affiliate — {{11}}affiliate (adj.) 1858, from AFFILIATE (Cf. affiliate) (v.). {{12}}affiliate (n.) 1846, from AFFILIATE (Cf. affiliate) (v.). {{12}}affiliate (v.) 1761, from L. affiliatus, pp. of affiliare to adopt (see AFFILIATION (Cf. affiliation)).… …   Etymology dictionary

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