holding company
company that controls other businesses
Holding company
A holding company is a
company that owns part, all, or a majority of other companies'
outstanding stock. It usually refers to a company which does not produce goods or services itself, rather its only purpose is owning shares of other companies. Holding companies allow the reduction of
risk for the owners and can allow the ownership and control of a number of different companies. Eighty percent or more of voting stock must be owned before tax consolidation benefits such as tax-free
dividends can be claimed.
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holding company
Noun
1. a company with controlling shares in other companies
(hypernym) company
(hyponym) bank holding company
Holding company
A corporation that owns enough
voting stock in another firm to control management and operations by influencing or electing its board of directors.
Holding Company
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 parent company.
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