joint stock

noun
1.
stock or capital divided into a number of shares.
2.
a pool of stock held in common.

Origin:
1605–15

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
joint stock
 
n
capital funds held in common and usually divided into shares between the owners

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
They also effectively used joint stock companies to spread risk and make investment in trade and industry easier.
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