joint-stock company

[ joint-stok ]

Phonetic (Standard)IPA

noun

an association of individuals in a business enterprise with transferable shares of stock, much like a corporation except that stockholders are liable for the debts of the business.
British. an incorporated business with transferable shares and with shareholders having either limited or unlimited liability for debts of the business.

joint-stock company

a business enterprise characterized by its separate legal existence and the sharing of ownership between shareholders, whose liability is limited
a business enterprise whose owners are issued shares of transferable stock but do not enjoy limited liability

First recorded in 1800–10

An Act was passed which gave to a joint stock company an absolute monopoly of lustrings for a term of fourteen years.

One of his friends happened to be engaged in large financial transactions in connection with an important joint-stock company.

Both are leagued against you like Robert Macaire and Bertrand against the subscribers to their joint stock company.

The frauds and fooleries of the joint stock company mania are, perhaps, among the least successful portion of the volume.

The origin of the joint stock company was probably primitive.

April 18, 2024petrichor

[pet-ri-kawr]

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