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WordReference Random House Unabridged Dictionary of American English © 2024joint′-stock′ com′pany ( joint′stok′),USA pronunciation - Businessan 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 Terms, Businessan incorporated business with transferable shares and with shareholders having either limited or unlimited liability for debts of the business.
Collins Concise English Dictionary © HarperCollins Publishers:: joint-stock company n - Brit a business enterprise characterized by its separate legal existence and the sharing of ownership between shareholders, whose liability is limited
- US a business enterprise whose owners are issued shares of transferable stock but do not enjoy limited liability
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