holding company

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Holding Company

A corporation that limits its business to the ownership of stock in and the supervision of management of other corporations.

A holding company is organized specifically to hold the stock of other companies and ordinarily owns such a dominant interest in the other company or companies that it can dictate policy. Holding companies must comply with the federal antitrust laws that proscribe the secret and total acquisition of the stock of one corporation by another, since this would lessen competition and create a Monopoly.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

holding company

n. a company, usually a corporation, which is created to own the stock of other corporations, thereby often controlling the management and policies of all of them.

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

holding company

a company that controls, usually through a majority shareholding, another company or companies.
Collins Dictionary of Law © W.J. Stewart, 2006
References in periodicals archive ?
332, requiring the parent corporation to take a carryover basis in the subsidiary's assets pursuant to Sec.
(d) The subsidiary can issue an invoice to the parent corporation for the testing service (even though the work is outsourced to a subcontractor), and not include GST under the zero-rated provision of subsection 4(a) of Part V of Schedule VI of the ETA.
Under certain possible interpretations of the meaning of "a member's firm," a client that avails itself of any of the services provided by Parent Corporation would be in one of these forbidden categories.
For instance, this situation can arise when a foreign parent corporation sells inventory to its subsidiary in the United States (e.g., the U.S.
corporation pays $100 of interest to its Hong Kong parent corporation, the payment would be subject to U.S.
Persons not obviously connected to the risk, such as real estate brokers, lenders, parent corporations, purchasers in asset deals, passive lessors and lessees, insurance companies, and officers or other responsible corporate personnel, may be liable as "owners" or "operators" under the statute.
The parent corporation of First Internet Bank of Indiana, First Internet Bancorp (NASDAQ:INBK) has priced a underwritten public offering of 1,380,000 shares of its common stock at USD20.00 per share, for gross proceeds of USD27.6m, the company stated on Friday.
First BanCorp (NYSE:FBP), the parent corporation of FirstBank Puerto Rico, has said that it has amended the exchange agreement executed with the US Treasury on July 7, 2010.
For example, a foreign captive may insure the risks of only its parent corporation, and thus the arrangement may not be treated as insurance for Federal tax purposes.
This revenue recognition option appears most appropriate for the subsidiary located in the soft currency country, but not for the parent corporation. The soft currency received would be the subsidiary's functional currency and be considered a liquid asset.
Finally, the cash flow of an IS department is its revenue from a single customer--the parent corporation. This cash flow very rarely decreases; in fact, it increases anywhere from 5 percent to 20 percent annually.

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