- 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.
Origin of joint-stock company
First recorded in 1800–10
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
- British a business enterprise characterized by its separate legal existence and the sharing of ownership between shareholders, whose liability is limited
- US a business enterprise whose owners are issued shares of transferable stock but do not enjoy limited liability
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012