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A business whose capital is held in transferable shares of stock by its joint owners.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
an association of individuals in a business enterprise with transferable shares of stock, in which stockholders are liable for the debts of the business.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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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"
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