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

References in periodicals archive ?
Ballast Nedam as the ultimate parent company of its dissolved subsidiary Ballast
The question is, "can this subsidiary be independently successful without intervention by the parent company, if the parent company were to dissolve?
And until its parent company gets its house in order, Mission Bufete will have to remain content watching from the sidelines as other firms enjoy the building boom in Houston.
The following guidelines should help a parent company minimize its exposure to environmental liability:
In that case, the shareholder-employees of the parent company might be able to participate in employee benefits offered by the lower tier company and receive the tax advantages that only a C corporation can provide its employees.
Questions such as control versus ownership, economic unit versus parent company versus proportionate consolidation concepts, and procedures for measuring identifiable assets and liabilities and goodwill of consolidated subsidiaries have been percolating for about a century and, for the most part, have been addressed in the official accounting literature on an ad hoc basis, if at all.