Definify.com
Definition 2024
joint-stock_company
joint-stock company
English
Noun
joint-stock company (plural joint-stock companies)
- (business, fiance, law, Britain) A company with transferable ownership interests and limited shareholder liability.
- (business, finance, law, US) A company with transferable ownership interests and unlimited shareholder liability.
Usage notes
Note that there's a fundamental difference in the concept of joint-stock company in the US and UK.