Affiliate definition
/What is an Affiliate?
An affiliate is a relationship between two businesses where one firm owns a minority interest in the other organization. The concept can also describe the relationship between two subsidiaries that are owned by the same parent company. Affiliation can also exist when two firms have interlocking directorships. For example, if ABC International owns 25% of Grouch Electronics, then the two entities can be considered affiliates.
Retail Affiliates
In electronic commerce, an affiliate is a website that offers third party goods and services for sale on its website, where the third party fulfills orders placed on the website and pays the website owner a commission in exchange. For example, Amazon maintains thousands of affiliate relationships that feed sales to the Amazon website.