A parent company is a company that owns a smaller company, called a subsidiary. The parent company can exercise some control over the subsidiary but also provide it benefits, much like a parent does with their children. When you’re a kid, your parents might give you a curfew, but they also do things like buy you food and clothes. Fortunately for kids, however, parents can’t liquidate their children for cash!
Posts Tagged ‘subsidiary’
A Parent Company is…
Tuesday, October 20th, 2009A Subsidiary is…
Thursday, August 20th, 2009A subsidiary is a company controlled by another company, sometimes called a “holding” company. For example, NBC Universal is a subsidiary of General Electric.