parent company

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Parent company

A company that controls subsidiaries through its ownership of voting stock, as well as runs its own business.

Parent Company

A company that owns enough stock in another country to strongly influence or control outright the latter's operations, especially the election of its board of directors. Parent companies sometimes have operations of their own, and sometimes have no other business except to own and manage subsidiaries. These are known as holding companies. Some parent companies own subsidiaries in a single industry, while others are diversified. Parent companies become parent companies either by buying smaller companies, or by spinning off some of its operations into a separate company. See also: Mergers & Acquisitions.

parent company

A company that controls or owns another company or other companies. For example, Union Pacific Corporation is the parent company of the trucking firm Overnite Transportation Company. Compare subsidiary. See also holding company.

parent company

see HOLDING COMPANY.
References in classic literature ?
Once upon a time, there were four girls, who had enough to eat and drink and wear, a good many comforts and pleasures, kind friends and parents who loved them dearly, and yet they were not contented.
By no means," returned Heyward, anxious to recall his error, if he had made one; "the white man may, and does often, forget the burial place of his fathers; he sometimes ceases to remember those he should love, and has promised to cherish; but the affection of a parent for his child is never permitted to die.
She has her mother's charm and grace and good heart and sense of justice, and she has her father's vivacity and cheerfulness and pluck and spirit of enterprise, with the affectionate disposition and sincerity of both parents.
The parents were very grateful to have a child named Thomas Henry.
Our parents were well to do, there in Italy, and we were their only child.
Three rows of benches on each side and six rows in front of him were occupied by the dignitaries of the town and by the parents of the pupils.
The children grew, worked, fought, ate what and slept where they could; loved one another and their parents pretty well, but with no tropical passion; and educated themselves for nine months of the year, each one in his own way.
The warm defender of the sacredness of the family re- lation is the same that scatters whole families,--sun- dering husbands and wives, parents and children, sisters and brothers,--leaving the hut vacant, and the hearth desolate.
Her first attempts at usefulness were in an endeavour to find out who were the parents, but Harriet could not tell.
If you say that no young lady would have behaved as I have presently to relate of Nicolete, that no parents were ever so accommodating in the world of reality, I reply,--No doubt you are right, but none the less what I have to tell is true and really did happen, for all that.
Their notions relating to the duties of parents and children differ extremely from ours.
But she was not altogether easy to bring up, and gave her parents much trouble and anxiety, for all summer she insisted on spending in the cellar, and in the winter she would sleep outside in the snow, and the colder it was the happier she seemed to be.

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