A company that owns or controls another company (subsidiaries.) A parent company is one which owns and controls other firms or companies usually known as subsidiaries. These companies have their own legal entities. Known also as a holding company. … [Read more...] about PARENT COMPANY
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PARI DELICTO
crim. law. In a similar offence or crime; equal in guilt. A person who is in pari delicto with another, differs from a particeps criminis in this, that the former always includes the latter but the latter does not always include the former. Latin: In equal fault SEE: IN PARI DELICTO … [Read more...] about PARI DELICTO
PARLIAMENT
The supreme legislative assembly of Great Britain and Ireland, consisting of the king or queen and the three estates of the realm, viz., the lords spiritual, the lords temporal, and the commons. 1 Bl. Comm. 153. High court of parliament. In English law. The English parliament, as composed of the house of peers and house of commons; or the house of lords sitting in its judicial … [Read more...] about PARLIAMENT
PARENTAGE
Kindred. … [Read more...] about PARENTAGE
PARI MATERIA
Latin: Of the same matter; on the same subject; as, laws pari materia must be construed with reference to each other. Bac. Abr. "Statute," I, 3. … [Read more...] about PARI MATERIA