Definition

Describing a situation where financial data is reported only for the parent company, without including the data of its subsidiaries or other related entities.

Example

The company's nonconsolidated financial statements provide a clear view of its individual performance.

Conversation

Have you seen the financial report for our company this quarter?

Yeah, I did. It looks like the figures are nonconsolidated this time.

What does that mean exactly?

It means that only the parent company's data is included, not the subsidiaries.

Synonyms & Antonyms

Root Explanation

Nonconsolidated → It is formed from "non-" (meaning not) and "consolidare" (from Latin, meaning to make solid or firm) and the suffix "-ed" (indicating a past participle). The word describes something that has not been made solid or firm.

Memory Tip

Think of 'not' ('non-') making something 'solid' ('consolidare') — that's why nonconsolidated means it hasn't been made solid.

Visually Confused Words