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.



Joint stock company

Similar Matches

Intercompany transaction

Intercompany transaction

Transaction carried out between two units of the same corporation.


Investment Company Act of 1940

Investment Company Act of 1940

Legislation that requires investment companies to register with the SEC and that outlines standards by which they must operate.


Quoted company

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See: 'listed company'.


Intercompany loan

Intercompany loan

Loan made by one unit of a corporation to another unit of the same corporation.


Investment company

Investment company

A firm that that invests the funds of investors in securities appropriate for their stated investment objectives in return for a management fee. See also: Mutual fund.


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