joint-stock bank

noun

Definition of joint-stock bank

1 : a bank organized as a joint-stock association
2 : an English or Australian bank whose capital is subscribed by private persons under statutory law as distinguished from a government bank

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“Joint-stock bank.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/joint-stock%20bank. Accessed 6 Aug. 2020.

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