Consolidated Captive


Definition of "Consolidated captive"

James  Massingill
  Texas Real Estate Firm

Consolidation of a non insurance parent company with its wholly owned subsidiary, thereby creating, allowable under current tax law, a consolidated balance sheet. This consolidation of balance sheets permits the offsetting of underwriting losses with taxable income of a non insurance subsidiary.



Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ