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Meaning of parent companies
A parent company is a company that owns or controls another company or companies.
Etymology of parent companies
The term "parent company" originated from the idea of a parent having control or authority over its offspring, in this case, the subsidiary companies.
The word "company" comes from the Old French "compagnie", meaning "fellowship, association", which is derived from the Latin "companio", meaning "companion, associate".
Synonyms
conglomerates
subsidiaries
holdings
corporations
enterprises
firms
companies
organizations
businesses
entities
concerns
undertakings
ventures
affiliates
associates
partners
subsidiaries
divisions
branches
groups
chains
franchises
networks
syndicates
trusts
cooperatives
collectives
Definitions
- A company that controls or owns another company or companies, especially a large company with several subsidiaries.
- * A company that has control over one or more other companies, especially through ownership of a majority of shares.
Usage Examples
- The parent company of the subsidiary has announced plans to expand its operations globally.
- * The parent company is responsible for the financial and managerial decisions of its subsidiaries.