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- DictionaryJoint-stock com·pa·ny/ˈjoint ˌstäk ˌkəmp(ə)nē/
noun
- 1. a company whose stock is owned jointly by the shareholders.
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noun
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Business entity which is owned by shareholders
A joint-stock company (JSC) 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). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. Wikipedia