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Affiliate

Affiliate

  • Term

    Main definition

  • Affiliate

    An affiliate of a specified person is another person controlling, controlled by, or under common control with the specified person.

    This tracks a definition in SEC rules. Often documents used in capital-raising transactions and documents used in mergers and acquisition transactions will use the same definition for "affiliates."  The SEC deems a company's directors and executive officers, as well as controlling stockholders, to be affiliates of the company because they each could exercise control of the company.

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