Definitions for joint-stock company
Random House Webster's College Dictionary
an association of individuals in a business enterprise with transferable shares of stock, in which stockholders are liable for the debts of the business.
Origin of 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
A company with transferable ownership interests and limited shareholder liability.
A company with transferable ownership interests and unlimited shareholder liability.
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"joint-stock company." Definitions.net. STANDS4 LLC, 2013. Web. 20 Jun 2013. <http://www.definitions.net/definition/joint-stock company>.