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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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