Definitions for joint-stock company
This page provides all possible meanings and translations of the word 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.
A joint-stock company is a business entity which is owned by shareholders. Each shareholder owns the portion of the company in proportion to his or her ownership of the company's shares. This allows for the unequal ownership of a business with some shareholders owning a larger proportion of a company than others. Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern corporate law, the existence of a joint-stock company is often synonymous with incorporation and limited liability. And as a consequence joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and other countries which have adopted their model of company law, these are known as unlimited companies. In the United States, they are known simply as joint-stock companies.
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"joint-stock company." Definitions.net. STANDS4 LLC, 2014. Web. 25 Oct. 2014. <http://www.definitions.net/definition/joint-stock company>.