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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Joint Stock Company  

Definition 1.

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.
 

Definition 2.

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.
 

Definition 3.

A company which has some features of a corporation and some features of a partnership.
 
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