parent company

Definition

A company that owns enough voting stock in another firm to control management and operations by influencing or electing its board of directors. also called holding company.

Use parent company in a sentence

You may want to try and partner up with a parent company that may make things easier for your business.

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We all thought he was doing a great job, but orders came down from the parent company that we were to terminate him.

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While everyone thought of them as their own company, they were really controlled by a parent company. To everyone else they seemed independent, but they didn't control their own destiny.

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