Definition, Meaning & Synonyms
joint-stock company
Noun
/ˈdʒɔɪnt stɒk kəmˈpəni/
Definition
A joint-stock company is a business entity where different stocks can be bought and owned by shareholders.
Examples
- The XYZ Corporation is a joint-stock company that operates in several countries.
- Investing in a joint-stock company allows individuals to purchase a share of ownership.
Meaning
It allows multiple investors to contribute capital to the company and share in its profits or losses proportional to their ownership stake.
Synonyms
- Shareholder company
- Corporation
