Joint-stock-company meaning

joint'stŏk'
A business whose capital is held in transferable shares of stock by its joint owners.
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A business firm with a joint stock, owned by the stockholders in shares which each may sell or transfer independently.
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See company.
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(business, law, UK) A company with transferable ownership interests and limited shareholder liability.
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(business, law, US) A company with transferable ownership interests and unlimited shareholder liability.
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