personal holding company

noun

Definition of personal holding company

: a corporation more than one half of whose stock is owned by not more than five persons and more than 80 percent of whose income is from investments

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“Personal holding company.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/personal%20holding%20company. Accessed 1 Dec. 2020.

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