Affiliate Explained: Meaning, Types, Process, and Use Cases
Affiliate is one of the most important control terms in company law, governance, venture deals, and corporate finance. In plain language, an **Affiliate** usually means a company or person connected to another by direct control, indirect control, or common control. The exact meaning can change across contracts, regulators, accounting frameworks, and jurisdictions, so misunderstanding it can lead to disclosure mistakes, weak governance, valuation errors, and compliance breaches.