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Finance Dictionary and Glossary of Investment Terms
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.
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.
A company which has some features of a corporation and some features of a partnership.