JOINT-STOCK COMPANY • DICCIONARIO INGLES.COM • Definition of Joint-stock company

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/dʒɔɪnt-stɑk kˈəmpəni/ Listen

Joint-stock company

noun

A company (usually unincorporated) which has the capital of its members pooled in a common fund; transferable shares represent ownership interest; shareholders are legally liable for all debts of the company.

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Etymology of 'Joint-stock company'

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"Joint-stock company" Quotes from Famous Books

... was the capital stock on which the enterprising firm of Topman and Gusher had started a great and flourishing joint-stock company. The boatmen listened to what they had heard with surprise and astonishment. They, in short, firmly believed that what they had seen in the bucket was treasure taken from the place in which it had ...

— The Von Toodleburgs - Or, The History of a Very Distinguished Family • F. Colburn Adams

... because there is an Infinite in him, which with all his cunning he cannot quite bury under the Finite. Will the whole Finance Ministers and Upholsterers and Confectioners of modern Europe undertake, in joint-stock company, to make one Shoeblack HAPPY? They cannot accomplish it, above an hour or two: for the Shoeblack also has a Soul quite other than his Stomach; and would require, if you consider it, for his permanent satisfaction and saturation, simply ...

— Sartor Resartus - The Life and Opinions of Herr Teufelsdrockh • Thomas Carlyle

... successfully disputed the pretensions of Spain, and where after forty years of disappointment and disaster a flourishing colony had at length been founded in Virginia. The colonization of the North American coast had now become part of the avowed policy of the British government. In 1606 a great joint-stock company was formed for the establishment of two colonies in America. The branch which was to take charge of the proposed southern colony had its headquarters in London; the management of the northern branch was at Plymouth in Devonshire. Hence the two branches are commonly ...

— The Beginnings of New England - Or the Puritan Theocracy in its Relations to Civil and Religious Liberty • John Fiske

Words linked to "Joint-stock company" : company