Crossword Dictionary
The Crossword Dictionary explains the answers for the crossword clue 'Big business street must be this for Scot (7,7)'. If more than one Crossword Definition exists for a clue they will all be shown below. Links to Crossword Dictionary entries can be found when searching for clues using the Crossword Solver - Big business street must be this for Scot (7,7)
HOLDING COMPANY (7,7)
holding company
holding company - n
a company with controlling shares in other companies
A holding company is a business entity—usually a corporation or limited liability company (LLC). Typically, a holding company, or "Holdco", doesn’t manufacture anything, sell any products or services, or conduct any other business operations. Rather, holding companies hold the controlling stock in other companies.
Although a holding company owns the assets of other companies, it often maintains only oversight capacities. So while it may oversee the company's management decisions, it does not actively participate in running a business's day-to-day operations of these subsidiaries.
A holding company is also sometimes called an "umbrella" or parent company.
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