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Joint-stock company   /dʒɔɪnt-stɑk kˈəmpəni/   Listen
Joint-stock company

noun
1.
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.





WordNet 3.0 © 2010 Princeton University


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"Joint-stock company" Quotes from Famous Books



... the connexion of the universities with the Church. The "London University," as it was called, was opened in 1828, when classes were formed in arts, law, and medicine, but not in divinity. It was technically a joint-stock company, and the attempt of the shareholders to obtain a charter of incorporation was successfully resisted by the universities of Oxford ...
— The Political History of England - Vol XI - From Addington's Administration to the close of William - IV.'s Reign (1801-1837) • George Brodrick


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