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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
exchange-traded bonds of Public Joint-stock Company Rosneft Oil Company with Issue Identification Numbers 4B02-06-00122-A-002P and 4B02-08-00122-A-002P;
To date, this list consists of 78 objects administered by 17 state-owned enterprises and 10 joint-stock companies.
A17-1977/2016, dated 24 May 2016, on recognising insolvent (bankrupt) the credit institution Joint-stock Commercial Bank Akcia, open joint-stock company, (Bank of Russia Registration No.
The approach to intellectual capital increasing value added in joint-stock companies
China Orient Asset Management Corp, one of China's four state-run, debt-clearing firms, said today that it would establish a joint-stock firm.
Techcom Bank (Vietnam Technological and Commercial Joint-Stock Bank), Since 2014
It could be easier to work with ISE if it becomes a joint-stock company, added Babacan who spoke on HT Bloomberg TV on Monday.
International Finance Corporation, a member of the World Bank Group, is initiating regulatory changes to legislation on joint-stock companies in the Kyrgyz Republic that will protect shareholder rights, enable companies to operate more effectively, and help create a more favorable business environment.
NORDIC BUSINESS REPORT-18 September 2003-Net profit for Norwegian non-financial joint-stock companies down in 2002(C)1994-2003 M2 COMMUNICATIONS LTD
In March 2001, the revised Agricultural Land Law was put into force to allow joint-stock corporations to acquire farmland and be engaged in agriculture, thus enabling corporate management know-how to be introduced into the farming industry, and allowing for larger scale and improved productivity.
They will be either private joint-stock companies or joint-stock companies in which government affiliated banks and the government-owned General Establishment for Insurance will own 25%.
The South Sea Bubble produced so many corrupt profiteers and gullible victims that the Bubble Act of 1720 banned all joint-stock companies, except those established by separate Act of Parliament, for two centuries.

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