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1. (n.) joint-stock company
an association of individuals in a business enterprise with transferable shares of stock, in which stockholders are liable for the debts of the business.
Etymology: (1800–10)
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| Definition of 'joint-stock company' |
Princeton's WordNet |
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1. (noun) 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
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Definitions of joint-stock company 
