/ ˈdʒɔɪntˈstɒk /
noun
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.
A joint stock company issues shares similar to a public company that trades on a registered exchange. Joint stock holders may buy or sell these shares freely in the market.But unlike ordinary shares or preferred shares, the shares of a joint stock company carry explicit obligations.Holders have a direct vote in company management decisions as well as a joint and several liability for the.
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
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