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Joint-Stock Bank |
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Joint-Stock Bank A bank that issues stock and requires shareholders to be held liable for the company's debt. In other words, a joint stock bank combines features of a general partnership, in which owners of a company split profits and liabilities, and a publicly-traded company, which issues stock that shareholders are able to buy and sell on an exchange. A joint-stock bank is not owned by a government. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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