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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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Having established a toehold, the parent company then looks to expand with further acquisitions.
The plan also envisages the creation of a trading company which would covenant all profits back to the parent company.
They are continuing to play musical chairs here in the executive suite of our parent company.
His handling of the debacle was masterful, saving the parent company from financial collapse.
In BVI, the Bahamas, Niue, and the Seychelles, the parent company acts solely as a company formation agent and provides related services.
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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