FINANCIAL HOLDING COMPANY
\fa͡ɪnˈanʃə͡l hˈə͡ʊldɪŋ kˈʌmpəni], \faɪnˈanʃəl hˈəʊldɪŋ kˈʌmpəni], \f_aɪ_n_ˈa_n_ʃ_əl h_ˈəʊ_l_d_ɪ_ŋ k_ˈʌ_m_p_ə_n_i]\
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In the United States, a holding company authorized under the GRAMMLEACHBLILEY ACT that is permitted to own entities involved in securities TRADING and UNDERWRITING, CORPORATE FINANCE, INSURANCE, asset management, and commercial banking.
By Henry Campbell Black
Word of the day
Quinones
- Hydrocarbon rings which contain two moieties position. They can be substituted in any position except at the ketone groups.