parent company or corporation

parent company or corporation
parent company or corporation
Company owning more than 50 percent of the voting shares, or otherwise a controlling interest, of another company, called the subsidiary

Black's law dictionary. . 1990.

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  • parent company — or corporation Company owning more than 50 percent of the voting shares, or otherwise a controlling interest, of another company, called the subsidiary Compare holding company …   Black's law dictionary

  • parent company — A company may own one or more other companies which are its subsidiaries. The relationship between parent and subsidiary depends on majority control of the voting rights of shares or the ability to appoint the majority of directors. The precise… …   Law dictionary

  • 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… …   Wikipedia

  • parent company — a corporation or other business enterprise that owns controlling interests in one or more subsidiary companies (distinguished from holding company). [1865 70] * * * parent company noun A company that holds the majority of the shares of another… …   Useful english dictionary

  • parent company — a corporation or other business enterprise that owns controlling interests in one or more subsidiary companies (distinguished from holding company). [1865 70] * * * …   Universalium

  • company — com·pa·ny n pl nies: an association of persons for carrying on a commercial or industrial enterprise compare corporation, partnership finance company: a company that makes usu. small short term loans to individuals growth company: a company that… …   Law dictionary

  • parent corporation — parent company or corporation Company owning more than 50 percent of the voting shares, or otherwise a controlling interest, of another company, called the subsidiary Compare holding company …   Black's law dictionary

  • corporation — An artificial person or legal entity created by or under the authority of the laws of a state. An association of persons created by statute as a legal entity. The law treats the corporation itself as a person which can sue and be sued. The… …   Black's law dictionary

  • corporation — An artificial person or legal entity created by or under the authority of the laws of a state. An association of persons created by statute as a legal entity. The law treats the corporation itself as a person which can sue and be sued. The… …   Black's law dictionary

  • corporation — cor·po·ra·tion /ˌkȯr pə rā shən/ n [Late Latin corporatio, from Latin corporare to form into a body, from corpor corpus body]: an invisible, intangible, artificial creation of the law existing as a voluntary chartered association of individuals… …   Law dictionary

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