joint-stock company
A 'joint-stock company' allows shareholders to own and trade portions of the company, balancing ownership and liability.
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Definition
C1General
(business, finance)A business entity where ownership is divided into shares that can be freely bought and sold by shareholders.
Example
- He invested in a joint-stock company to diversify his portfolio.
C1UK
(law, technical)A company where shareholders have limited liability, meaning they are not personally responsible for the company's debts beyond their investment.
Example
- In the UK, a joint-stock company provides limited liability protection to its investors.
C1US
(law, technical)A company where shareholders have unlimited liability, meaning they can be held personally responsible for the company's debts.
Example
- In the US, some joint-stock companies expose shareholders to unlimited liability.
Similar
Terms that have similar or relatively close meanings to "joint-stock company":