Holding company

Definition:

A corporation that owns enough voting stock in another firm to control management and operations by influencing or electing its Board of Directors.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Irrational call option

The implied call imbedded in a MBS. Irrational because the call is sometimes not exercised when it is in the money (interest rates are below the threshold to refinance), and sometimes exercised when... Read More

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio