PARENTCOMPANY

Parent company

A parent company is a company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors; the second company being deemed as a subsidiary of the parent company. The definition of a parent company differs by jurisdiction, with the definition normally being defined by way of laws dealing with companies in that jurisdiction.

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parent company

Noun

  1. A company that owns or controls another company.


The above text is a snippet from Wiktionary: parent company
and as such is available under the Creative Commons Attribution/Share-Alike License.

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