adjective
- occurring or existing between two or more companies; involving transactions or relationships among separate business entities
Usage: commonly used in business and accounting contexts
Examples
- The accounting department tracks all intercompanies transactions to ensure proper consolidation.
- Intercompanies agreements must be documented and approved by both parties.
- We eliminated intercompanies profits from the consolidated financial statements.
- The merger created several intercompanies service contracts.
- Intercompanies pricing policies are set by the corporate finance team.