Legal Entities

noun a company whose primary business is holding a controlling interest in other companies

• The holding company oversees the operations of its subsidiary companies.
• The holding company is like the big boss of all the other companies.
• The holding company is the top dog in the business world.
• The holding company is the puppet master pulling the strings behind the scenes.

noun an established law, practice, or custom

• The institution of marriage has been a cornerstone of society for centuries.
• My brother just got a job at a financial institution downtown.
• I can't believe we have to go back to that institution tomorrow.
• In her eyes, the institution of family was more important than anything else.

noun A mutual company is a type of company that is owned by its policyholders or customers, who are also entitled to receive dividends or other benefits based on the company's profits.

• A mutual company is owned by its policyholders, who share in the profits and losses of the company.
• I heard that the insurance company down the street is a mutual company.
• My cousin works for a mutual company and he says it's pretty chill.
• In a way, a mutual company is like a big family where everyone has a stake in its success.