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Joint Stock Company |
Also found in: Legal, Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
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Joint Stock Company An organization that falls between the definitions of a partnership and corporation. This type of company issues stock and allows for secondary market trading however, stockholders are liable for company debts. Notes: This is a type of company that has access to the liquidity and financial reserves of stock markets, but also has the restrictions of a partnership.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. |
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Trading company
