Joint Stock Company

What Does Joint Stock Company Mean?
An organization that falls between the definitions of a partnership and corporation. This type of company issues stock and allows for secondary market trading; however, stockholders are liable for company debts.

Investopedia explains Joint Stock Company
This is a type of company that has access to the liquidity and financial reserves of stock markets, but also has the restrictions of a partnership.

Related Terms

Corporation
Liquidity
Partnership
Secondary Market
Shareholder
Stock
More Related Terms

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