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What is a parent company?

What is a parent company? Here are some definitions.

Noun
  1. (law) A company that owns or controls another company.
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I'm sure the parent company is optimistic but this smells like the beginning of the end of Koo Koo Roo to me.
They are continuing to play musical chairs here in the executive suite of our parent company.
Having established a toehold, the parent company then looks to expand with further acquisitions.
Chautauqua's parent company, Republic Airlines, paid American a contract rights fee in the form of a warrant to buy shares of its common stock.
This, once again, is a consequence, the difficulty is a consequence of the worldwide financial troubles of the parent company.
His handling of the debacle was masterful, saving the parent company from financial collapse.

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