Akademik

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.

See holding company.