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joint stock company
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    Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.04 sec.

joint stock company

Company that is owned (jointly) by at least two shareholders (the holders of the stock of the company). Shareholders have limited liability. The company has an independent legal existence from its shareholders and can, for example, be sued or own property. In the UK, joint stock companies are either private limited companies or public limited companies.



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