parent company

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 definition is in section 736 of the Companies Act 1985.

Easyform Glossary of Law Terms. — UK law terms.


parent company
parent company, or parent undertaking
This is a company that owns or controls another company or companies. Any company that it owns is called a subsidiary.
+ parent company
USA
Also known as the parent.
A company which owns or controls the majority of the outstanding voting stock (or other equity) in another company or otherwise has the right to appoint and remove a majority of the board of directors (or other managing body) of that other company.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


parent company
An enterprise, which is also known as a parent corporation, that owns more than 50 percent of the voting shares of its subsidiary.

Dictionary from West's Encyclopedia of American Law. 2005.


parent company
An enterprise, which is also known as a parent corporation, that owns more than 50 percent of the voting shares of its subsidiary.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

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Look at other dictionaries:

  • 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 — parent .company n a company that controls a smaller company or organization …   Dictionary of contemporary English

  • parent company — parent ,company noun count BUSINESS a company or organization that owns or controls a smaller company or organization of the same type …   Usage of the words and phrases in modern English

  • 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 company that controls subsidiaries ( subsidiary) through its ownership of voting stock, as well as runs its own business. Bloomberg Financial Dictionary * * * parent company parent company ➔ company * * * parent company UK US noun [C] (also… …   Financial and business terms

  • parent company — UK / US noun [countable] Word forms parent company : singular parent company plural parent companies business a company or organization that owns or controls a smaller company or organization of the same type …   English dictionary

  • 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 — parent undertaking See holding company …   Big dictionary of business and management

  • parent company — company which controls one or more secondary companies (secondary companies are called daughter companies) …   English contemporary dictionary

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