parent corporation

…business firm, known as a parent company or holding company. A parent company is generally understood to be one that conducts its own business operations apart from those of its subsidiary or subsidiaries, while a holding company is one whose sole function is that of ownership. By virtue of its…

…consolidated balance sheet of the parent corporation (the corporation that owns the others) does not list its investments in its subsidiaries (the companies it owns) as assets; instead, it includes their assets and liabilities with its own.