Joint-stock company

noun

Definitions

Noun
  1. 1
    A company with transferable ownership interests and limited shareholder liability. UK
  2. 2
    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 wordnet
  3. 3
    A company with transferable ownership interests and unlimited shareholder liability. US

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