(FINANCE) a company that exists for the sole purpose of owning a controlling interest in the several branches of a bank.
Owing to the interplay of US federal and state banking laws, it is often necessary for a bank to incorporate itself as a separate and distinct company in different states, or for different business functions (e.g., capital management, underwriting/investment banking, savings banking, etc.).
One of the exasperating benefits that bank holding companies get is a further limitation of liability. Often, the structure of the bank holding company is such that one of the firms owned (like Washington Mutual Bank, Inc.) can be insolvent, without resulting in the liquidation of the holding company.
Owing to the interplay of US federal and state banking laws, it is often necessary for a bank to incorporate itself as a separate and distinct company in different states, or for different business functions (e.g., capital management, underwriting/investment banking, savings banking, etc.).
One of the exasperating benefits that bank holding companies get is a further limitation of liability. Often, the structure of the bank holding company is such that one of the firms owned (like Washington Mutual Bank, Inc.) can be insolvent, without resulting in the liquidation of the holding company.
Practically every financial intermediary in the USA is now owned by a bank holding company. They're totally insidious!
by Abu Yahya May 5, 2010
Get the bank holding company mug.Euphemism for masturbation, especially when done in a secluded public place - for example a cinema seat.
'See that bloke over there? He's got his jacket over his lap, but it looks like he's holding hands with sausage.'
'Dirty git!'
'Dirty git!'
by Uncle Whippity May 8, 2008
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pronounced: hold_door_foe_bee_yaa.
this is when you automatically extend your arm to stop the door from shutting in your face. Knowing darn well that the person already holding the door opening isn't going to let it shut in your face. But due to untrusting nature of mankind, you have to do it.
this is when you automatically extend your arm to stop the door from shutting in your face. Knowing darn well that the person already holding the door opening isn't going to let it shut in your face. But due to untrusting nature of mankind, you have to do it.
by HRM SMK April 5, 2008
Get the holdoorphobia mug.A very small city consisting only of judgmental jacks, a law system that screws you, black and white vision, and lacks individualism. It was created from the bowels of hell with the sinew of fornicators, theives, and glutton.
by Reason2 March 3, 2009
Get the Holdrege mug.Sarah Palin claims to have gay friends, pretty sure she is just holding a puppy on that one.
Stephen Harper's blue sweater, why not just wear a puppy? He's obviously holding one.
Why wasn't Kobe's wife literally holding a puppy at the 'i cheated didn't rape' press conference?
Eliot Spiltzer's wife at the press conference is the most insincere holding of a puppy ever.
Elin Nordegren refused to hold a puppy at Tiger Wood's press conference.
Stephen Harper's blue sweater, why not just wear a puppy? He's obviously holding one.
Why wasn't Kobe's wife literally holding a puppy at the 'i cheated didn't rape' press conference?
Eliot Spiltzer's wife at the press conference is the most insincere holding of a puppy ever.
Elin Nordegren refused to hold a puppy at Tiger Wood's press conference.
by SousedBergin June 4, 2010
Get the Holding a puppy mug.Top-Secret high stakes live cash game created by the Holy Okie. Very exclusive game needing a secret passphrase to enter. I will declassify the rules so people can play it. Make your own passphrase, I cannot reveal mine because it is top-secret and universal. I pray in the name of Jesus Christ that this game becomes popular in Casinos World Wide. First, the deck must include two 8 of hearts. mark a joker as this card to create the 53 card deck. Stealth plays a part in changing the ranks of the poker hands as follows. High cards play normally. Pairs play normally unless someone is dealt suited pocket 8s. Beats aces when it is pair against pair. Plays in two-pair hands when the stealthy 8s are against aces up. This covers the power of the stealthy suited pair. The ranking of suits is needed because dealing with a six-card board allows the possibility of matching flushes and straight flushes. Hearts are high suit then Jewels then Clubs, and Spades are the lowest ranking suit. The sixth card is called the ocean card. The highest possible hand is 5 of a kind. Five (8s) beat all royal flushes no matter the suit. Should a casino implement this game I suggest a bad beat jackpot paying big to all losing royal flushes. Rare but possible now. And the hands rank like normal poker unless the previously mentioned situations occur. This published definition covers my patented rights should an online version be written. I only ask for free universal access to the site.
I hit the bad beat jackpot at the casino last night playing in the Choctaw six-card or Oklahoma Holdem tournament
by Spiritual-Master January 11, 2022
Get the Choctaw six-card or Oklahoma Holdem mug.I bent over to pick up the pencil I dropped, but my friend stuck his pencil in my crack and yelled "hillbilly pencil holder!"
by EDKirk June 1, 2011
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