Meaning & use

wholly owned

adjective·Academicbusiness

Last updated

UK/ˌhəʊli ˈəʊnd/
US/ˌhoʊli ˈoʊnd/

Meaning

  1. adjectivenot comparablebusiness

    Belonging completely to one owner, with no part held by anyone else, usually said of a company controlled by another firm.

    Grammar: Often before a noun with a hyphen: a wholly-owned subsidiary; after a verb without it: the firm is wholly owned by its parent.

    Patterns

    • wholly owned by someone
    • a wholly owned subsidiary of something

    The airline is a wholly owned subsidiary of a larger travel group.

    The bakery remains wholly owned by the founding family.

    After the merger, the smaller studio became wholly owned by its rival.

Common combinations

wholly owned subsidiary
The brand is a wholly owned subsidiary of the parent company.
wholly owned by
The railway is wholly owned by the state.
become wholly owned
The startup became wholly owned after the buyout.
wholly owned company
A wholly owned company reports its profits to its parent.
remain wholly owned
The vineyard will remain wholly owned by the family.

Synonyms and how they differ

fully owned
Fully owned is a looser everyday phrase, whereas wholly owned is the standard business term.
entirely owned
Entirely owned stresses that nobody else holds any share, but it is less common in formal documents.
100% owned
100% owned is shorter and common in spoken business talk, but sounds less formal than wholly owned.
privately held
Privately held describes a company not listed on a stock exchange, but its ownership may still be split.

Opposites

partly ownedjointly owned

Word family

wholly adverb
completely
whole adjective
complete or entire
own verb
to have something as your property
owner noun
a person or organization that owns something
ownership noun
the state of owning something

Commonly confused: wholly owned or holy owned?

wholly owned vs holy owned

Holy is a religious word and is a common misspelling of wholly, which means completely.

Practice

A company that is owned completely by another company, with no outside shareholders, is described as ___.

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