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A business whose capital is held in transferable shares of stock by its joint owners.
1. (Commerce) Brit a business enterprise characterized by its separate legal existence and the sharing of ownership between shareholders, whose liability is limited
2. (Commerce) US a business enterprise whose owners are issued shares of transferable stock but do not enjoy limited liability
an association of individuals in a business enterprise with transferable shares of stock, in which stockholders are liable for the debts of the business.
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|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"