Joint Stock Company

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Dictionary Says

Definition of 'Joint Stock Company'

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 Says

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.

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