joint-stock company
[ joint-stok ]
/ 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.
British.
an incorporated business with transferable shares and with shareholders having either limited or unlimited liability for debts of the business.
Origin of joint-stock company
First recorded in 1800–10
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
British Dictionary definitions for joint-stock company
joint-stock company
noun
British
a business enterprise characterized by its separate legal existence and the sharing of ownership between shareholders, whose liability is limited
US
a business enterprise whose owners are issued shares of transferable stock but do not enjoy limited liability