An operating subsidiary is a business term frequently used within the United States in corporate profile descriptions. In the railroad industry, for example, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. In contrast, a non-operating subsidiary would exist on paper only, but for operating purposes would use the identity and rolling stock of the parent company.
Famous quotes containing the word operating:
“Many people operate under the assumption that since parenting is a natural adult function, we should instinctively know how to do it—and do it well. The truth is, effective parenting requires study and practice like any other skilled profession. Who would even consider turning an untrained surgeon loose in an operating room? Yet we “operate” on our children every day.”
—Louise Hart (20th century)