Joint-Stock Bank
(redirected from Joint-Stock Banks)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.
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