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.
Nearby TermsJoint Commission on Commerce and Trade (JCCT) Joint float Joint stock company Joint tax return Joint tenants with right of survivorship
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University