joint stock company

Definitions (2)
Popular Terms
1. In the UK: The original (17th century) name for a corporation in which the liability of the owners is limited to the nominal value of the stock (shares) held by them.
2. In the US: Corporation with unlimited liability for the shareholders. Investors in a US joint stock company receive stock (shares) which can be transferred, and can elect a board of directors, but are jointly-and-severally liable for company's debts and obligations. A US joint stock company cannot hold title to a real property.

Use 'joint stock company' in a Sentence

My four siblings and I decided to start a real estate investment company, we plan on running it as a joint stock company so we'll all be responsible for any debts and financing equally as well as equally share in profits
18 people found this helpful
Sometimes people will invest in a joint stock company if they see a big profit potential from the product they offer.
16 people found this helpful
Some businesses choose to run as a joint stock company so the investors have even more of a say in the comings and goings.
14 people found this helpful




Email Print Embed

  • 63537773 2018-02-19
  • 800463772 2018-02-19
  • 483929771 2018-02-19
  • 757618770 2018-02-19
  • 898576769 2018-02-19
  • 784484768 2018-02-18
  • 935121767 2018-02-18
  • 755185766 2018-02-18
  • 681379765 2018-02-18
  • 690204764 2018-02-18
  • 323435763 2018-02-17
  • 688202762 2018-02-17
  • 79305761 2018-02-17
  • 850445760 2018-02-17
  • 747315759 2018-02-17
  • 371174758 2018-02-17
  • 32926757 2018-02-17
  • 129933756 2018-02-16
  • 407764755 2018-02-16
  • 763660754 2018-02-16