joint-stock company (joint st k)n. A business whose capital is held in transferable shares of stock by its joint owners. |
joint-stock company
n
1. (Business / Commerce) Brit a business enterprise characterized by its separate legal existence and the sharing of ownership between shareholders, whose liability is limited
2. (Business / Commerce) US a business enterprise whose owners are issued shares of transferable stock but do not enjoy limited liability
ThesaurusLegend: Synonyms Related Words Antonyms
| Noun | 1. | joint-stock company - 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 company - an institution created to conduct business; "he only invests in large well-established companies"; "he started the company in his garage" |
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