What does Consolidation mean? Read on to discover the definition & meaning of the term Consolidation - to help you better understand the language used in insurance policies.
(1) Financial Combining the financial results of a subsidiary company with its shareholder, resulting in the elimination of intercompany accounting entries. (Transactions between affiliates offset each other.) (2) Tax The filing of a single income tax return for all companies within a corporate group.
We hope the you have a better understanding of the meaning of Consolidation.