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Shell companyA company which exists in name only and which has ceased to trade. Shell companies are at their most interesting when they are listed on a stock exchange, because they provide a cheap way for another company to acquire a listing by 'reversing' into the shell. Rumours perpetually surround listed shells, and their share prices can be quite volatile as investors get excited at the prospect of a reversal.Similar MatchesInvestment Company Institute (ICI)Investment Company Institute (ICI)A national industry group of investment companies, including mutual funds, founded in 1940. Depository Trust CompanyDepository Trust CompanyIn the US, the Depository Trust Company (DTC) is a national clearing house for the settlement of trade in corporate and municipal securities and performs securities custody-related services for its participating banks and broker-dealers. DTC is owned by members of the financial industry and by their representatives who are its users. DTC is 35.1% owned by the New York Stock Exchange on behalf of the Exchange's members. It is operated by a separate management and has an independent board of directors. It is a limited purpose trust company and is a member of the Federal Reserve. Holding companyHolding companyA company which holds the majority of shares in its subsidiaries. Also known as the parent company. CompanyCompanyA proprietorship, partnership, corporation, or other form of enterprise that engages in business. Export Trading Company (ETC)Export Trading Company (ETC)A company serving as the export department of other firms. They usually take title, risk and responsibility for the goods they export. Further SuggestionsLimited companyForeign base company income Public Utility Holding Company Act of 1935 Registered investment company Intracompany trade Regulated investment company Trust company open ended investment company company representative (tied agent) limited company investment company public limited company (plc) Consumer finance company Public Company Leveraged investment company Finance company Title company Blue chip company Company specific risk nominee company Parent company Income investment company Company doctor Bank holding company Stock insurance company |
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