joint stock

stock or capital divided into a number of shares.

a pool of stock held in common.

Origin of joint stock

First recorded in 1605–15

In a joint-stock company, on the contrary, each partner is bound only to the extent of his share.

An Inquiry into the Nature and Causes of the Wealth of Nations |Adam Smith
My dear friend, he said, you forget that you are not the chairman of the board of directors of a joint-stock company.

Albert Ballin |Bernhard Huldermann
He began in 1844 as registrar of joint-stock companies, and in 1846 became commissioner of lands and emigration.

Encyclopaedia Britannica, 11th Edition, Volume 4, Slice 1 |Various
What share had he in what may be a joint-stock company for the production of these plays?

William Shakespere, of Stratford-on-Avon |Scott Surtees

The two banks of Edinburgh are joint-stock companies, without any exclusive privilege.

An Inquiry into the Nature and Causes of the Wealth of Nations |Adam Smith

joint stock

capital funds held in common and usually divided into shares between the owners