joint-stock company
Americannoun
-
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.
noun
-
a business enterprise characterized by its separate legal existence and the sharing of ownership between shareholders, whose liability is limited
-
a business enterprise whose owners are issued shares of transferable stock but do not enjoy limited liability
Etymology
Origin of joint-stock company
First recorded in 1800–10
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
It is transforming itself into a joint-stock company, unravelling an arcane structure that had caused strife with shareholders.
From Reuters ● Jul. 24, 2021
In 1609, the Virginia Company became a joint-stock company, selling shares to smaller investors in a move somewhat like an I.P.O.
From The New Yorker ● Nov. 6, 2014
A big advantage of owning a bit of a joint-stock company is limited liability: if the firm goes bust, its shareholders do not have to pay its debts.
From Economist ● Jun. 13, 2013
At the heart of its economy was the colleganza, a basic form of joint-stock company created to finance a single trade expedition.
From New York Times ● Oct. 13, 2012
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 and Cambridge.
From The Political History of England - Vol XI From Addington's Administration to the close of William IV.'s Reign (1801-1837) by George C. (George Charles) Brodrick
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
