Definition of joint stock company in English English dictionary
A form of business organization that falls between a corporation and a partnership The company sells stock, and its shareholders are free to sell their stock, but shareholders are liable for all debts of the company
Company owned jointly by a number of shareowners All companies listed on the JSE are not only joint stock companies, with limited liability, but are also public companies in that they have more than 50 shareholders The shares of a public joint stock company are readily transferable from one person to another and can conveniently be marked on a stock exchange
In common law countries, an unincorporated assocation of persons whose ownership interests are represented by transferable shares The shareholders in such a company have unlimited personal liability
Any company with transferable ownership interests and unlimited shareholder liability
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
A joint-stock company is a company that is owned by the people who have bought shares in that company. a company that is owned by all the people with shares in it