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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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This, once again, is a consequence, the difficulty is a consequence of the worldwide financial troubles of the parent company.
I'm sure the parent company is optimistic but this smells like the beginning of the end of Koo Koo Roo to me.
It also assists the parent company in publishing the official white pages directories for Mumbai and Delhi.
They are continuing to play musical chairs here in the executive suite of our parent company.
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.
Of course, such synergistic bilge is commonplace, as is the tendency to dummy up on any topic that the parent company might want stifled.

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