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Affiliate (commerce)

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{{other|Affiliation (disambiguation)}}
An '''affiliate''' is a [[commerce|commercial]] entity with a relationship with a [[peer group|peer]] or a larger entity.<ref name="Phung">{{cite web|last=Phung |first=Albert |url=http://www.investopedia.com/ask/answers/06/subsidiaries.asp#axzz1nnRAUqDe|title=Difference Between an Affiliate and a Subsidiary|publisher=Investopedia|date=}}</ref>