While it sounds like a company that is very friendly to work with, the designation of "agreement corporation" actually relates to international banking. The agreement corporation is a bank approved to conduct international banking.
The term derives from a 1916 act of Congress called, not surprisingly, The Agreement Corporation Act. It gave banks the ability to do business overseas, as long as they entered an agreement (hence the name) with the Federal Reserve to abide by its rules. This was followed up three years later with The Edge Act, which extended the system by giving the Fed the ability to charter banks for international business, and had nothing to do with the guitarist in U2. The term "edge corporation" apparently didn't catch on, though.
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Finance: What is a parent company?0 Views
Finance allah shmoop What is a parent company All right
Well it's a human cloning stamping corporation which produces organic
robots that will in fact have live human babies Okay
no just kidding on that one it's coming someday But
this is not what it is Ah parent company is
essentially the owner The fiduciary the legal entity created as
a corporation to control the quote Children unquote companies inside
of their broad tent What does that mean Well what
time is it No How do you do the times
in half an hour Time warner is the parent company
Its children are things like hbo turner broadcasting warner brothers
The walt disney corporation is the parent company of children
Are things like espn One two three four five six
seven eight nine or whatever Up to now Abc network
Lucas film You know star wars marvel alphabet that's the
parent company here or it's Children who come over for
thanksgiving and argue with us Google adsense ex labs nexus
youtube Okay you get it The parent is essentially the
holding company which owns controls manipulates abuses and generally it's 00:01:19.724 --> [endTime] up it's children which is every parent's primary responsibility
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