/ ˈdʒɔɪntˈstɒk /
A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company. WHY is the JOINT STOCK COMPANY so successful at WEALTH CREATION?? There are many ways of ORGANISING activities. Why are some.
noun
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an association of individuals in a business enterprise with transferable shares of stock, much like a corporation except that stockholders are liable for the debts of the business.
British. an incorporated business with transferable shares and with shareholders having either limited or unlimited liability for debts of the business.
Words nearby joint-stock company
joint stock, joint stool, joint tenancy, joint tenant, joint venture, joint-stock company, joint-venture, jointed, jointer, jointer plane, jointless
Origin of joint-stock company
Dictionary.com UnabridgedBased on the Random House Unabridged Dictionary, © Random House, Inc. 2020
British Dictionary definitions forjoint-stock company
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noun
Britisha business enterprise characterized by its separate legal existence and the sharing of ownership between shareholders, whose liability is limited
USa business enterprise whose owners are issued shares of transferable stock but do not enjoy limited liability
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012