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Affiliate
(USA) A person that controls, is controlled by, or is under common control with (directly or indirectly) the entity specified. The SEC takes the position that a corporate officer, director or 10% stockholder is presumed to be an affiliate of the corporation. An individual officer's, director's or 10% stockholder's spouse and children living at home are normally considered affiliates as well.
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- Part of Speech: noun
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- Industry/Domain: Financial services
- Category: Private equity
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