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interest
than a 50% interest
Multinational
An organization operating in several coun-
tries
Nationalized
company
A company owned by the state
Offshore
company
A firm based in a tax haven to avoid higher
taxation
Operation
A general word for a company, usually a
small one, part of a large group. It also
means activity; for example, our commercial
operation
Parent
company
A company which owns another
Private
company
A company whose shares are not publicly
available
Public
company
A company whose shares are publicly
available
Partnership
Two or more partners working together for
profit, without limited liability
Society
A friendly association of people; for exam-
ple, a sports society (society = firm)
Sobsidiary
(affiliate)
Firm owned by a parent company
GRAMMAR IN USE
CONDITIONAL SENTENCE II TYPE( IF I DID… )
Ann says: If I found a wallet in the street, I’d take it to
the police.
Ann is not thinking about a real possibility, but she is im-
agining the situation and doesn’t expect to find a wallet in the
street. So she says:
If I found …, I’d (= I would) …
Example
Sarra has decided not to apply for the job. She
isn’t really qualified for it, so she probably wouldn’t get it if
she applied.
75
interest than a 50% interest
Multinational An organization operating in several coun-
tries
Nationalized A company owned by the state
company
Offshore A firm based in a tax haven to avoid higher
company taxation
Operation A general word for a company, usually a
small one, part of a large group. It also
means activity; for example, our commercial
operation
Parent A company which owns another
company
Private A company whose shares are not publicly
company available
Public A company whose shares are publicly
company available
Partnership Two or more partners working together for
profit, without limited liability
Society A friendly association of people; for exam-
ple, a sports society (society = firm)
Sobsidiary Firm owned by a parent company
(affiliate)
GRAMMAR IN USE
CONDITIONAL SENTENCE II TYPE( IF I DID… )
Ann says: If I found a wallet in the street, I’d take it to
the police.
Ann is not thinking about a real possibility, but she is im-
agining the situation and doesn’t expect to find a wallet in the
street. So she says:
If I found …, I’d (= I would) …
Example Sarra has decided not to apply for the job. She
isn’t really qualified for it, so she probably wouldn’t get it if
she applied.
75
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