JOINT-STOCK COMPANY

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A company (usually unincorporated) which has the capital of its members pooled in a common fund; transferable shares represent ownership interest; shareholders are legally liable for all debts of the company

Classified under:

Nouns denoting groupings of people or objects

Hypernyms ("joint-stock company" is a kind of...):

company (an institution created to conduct business)

Credits