Joint-Stock Company
/ˈdʒɔɪnt stɒk ˈkʌmpəni/
Definitions
- (n.) A business entity in which shares of stock are jointly held by multiple shareholders, allowing pooled capital for commercial activities with limited liability for investors.
The joint-stock company issued shares to raise capital for its new manufacturing plant.
Forms
- joint-stock companies
Related terms
See also
Commentary
The term emphasizes the shared ownership via transferable stock and limits investor liability; drafting should clarify jurisdiction-specific distinctions from other corporate forms.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.