joint-stock company

[ joint-stok ]

  1. 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.

  2. 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

Words Nearby joint-stock company Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use joint-stock company in a sentence

British Dictionary definitions for joint-stock company

joint-stock company

  1. British a business enterprise characterized by its separate legal existence and the sharing of ownership between shareholders, whose liability is limited

  2. 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