Joint-stock company
[joint-stok] /ˈdʒɔɪntˈstɒk/
noun
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.
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noun, Law. 1. a holding of property, either real or personal, by two or more persons with each sharing the undivided interest, the entire tenancy passing to the survivor or survivors.
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noun, Law. 1. one of two or more persons who hold property in joint tenancy.
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