define joint stock company
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A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). ... In the United States, they are known simply as joint-stock companies.
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A company or association consisting of individual organized to cindu a business for gain & having a joint stock of capital represented by shares owned individually by the members and transferable without the consent of the group.
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