Joint stock company

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Joint stock company

A form of business organization that falls between a corporation and a partnership. The company sells stock, and its shareholders are free to sell their stock, but shareholders are liable for all debts of the company.

Joint Stock Company

A company that issues stock and requires shareholders to be held liable for the company's debt. In other words, a joint stock company 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. See also: Publicly-traded partnership.
References in periodicals archive ?
Santana Equipment Trading Company is an industry leader in the used material handling equipment market.
The Eiffel Trading Company marketplace update will also allow contractors looking to buy used equipment and materials to easily search by location, price and equipment or material type.
The new multi-year agreement strengthens the very old relationship between the two organisations and will see Mannai Trading Company continue to distribute Travelport s Galileo products and services in the country.
Rixonway buys the tea and gives it away to tenants visiting the company's exhibitions as a means of support and to raise awareness of Netherton-based Not Just a Trading Company.
Despite playing a prominent role in Japan's flow of funds, trading company finance has received scant attention from researchers.
Complete due diligence by all participants to the transaction--Specific emphasis should be placed on analyzing the reasonableness of the deal structure; the company's ability to use the trade credits offered in a reasonable time frame (usually one to three years); and a specific listing of the goods and services to be purchased by the corporate trading company for the selling client.
This past May, the Overland Park, Kansas-based trading company managed to obtain a trade finance guarantee for Euphonix' equipment from the Export-Import Bank of the United States (Ex-Im Bank), allowing the company to make the sale.
According to the sources, the religious group loaned some 5 billion yen to a trading company in around 1990 through two companies related to the group.
Federal prosecutors started a grand jury investigation Monday into whether a small metals trading company on Fifth Avenue had any role in the copper trading scandal that has cost Sumitomo Corp.
DETROIT -- Detroit Trading Company, the largest automotive lead exchange in the nation, has been selected as the exclusive distribution partner for shopautoweek.
com)-- Santana Equipment Trading Company has promoted Manny Romero to maintenance manager for its Phoenix, Arizona warehouse location.