JOINT-STOCK COMPANY as NOUN

  1. Meaning
    • a company (usually unincorporated) which has the capital of its members pooled in a common fund
    • transferable shares represent ownership interest
    • shareholders are legally liable for all debts of the company
    Hypernyms(s) joint-stock company is a kind of… Example: animal is a hypernym of mammal, plant is a hypernym of flower