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intercompany

intercompany

5.0
Happening between two or more companies
  • adjective
  • /ˌɪntərˈkʌmpəni/
translation icon : interempresarial
  • The intercompany agreement allowed for easier sharing of resources between the businesses.

Examples

  • An intercompany audit was conducted to ensure compliance with financial regulations.

  • Another type of reviewable conduct described in the abuse of dominant position provisions of the Competition Act could potentially apply to intercompany collaboration in Canada if one or more of the companies involved could be considered to substantially or completely control a type of business in Canada, either on its own or jointly with other parties to the arrangement, and their conduct has a predatory, exclusionary, or disciplinary effect on a competitor.

    Academic text (1995)
  • The two firms engaged in intercompany transactions to streamline their operations.

Synonyms

interfirm
vsintercompany
6.6

Between companies when they work together or compete

is the general term for relations involving more than one business
intercorporate
vsintercompany
7.7

Relating to deals between two or more companies

is broader, applying to interactions between any kinds of businesses
interorganizational
vsintercompany
6.7

Involving two or more organizations working together

is narrower, referring only to interactions between commercial businesses

Antonyms

Happening inside one company, for example between departments

Surface Forms

intercompany positive

Morphology

intercompany = company (transparent) = inter + company

The prefix 'inter-' ('between') combines with the noun 'company' to yield an adjective meaning 'between companies', which is directly inferable for learners.

Etymology

Intercompany comes from the prefix inter- meaning 'between' and company meaning a business or a group of people who work together, so intercompany describes something that happens 'between' two or more companies.