joint-stock company


Definition of joint-stock company

: a company or association consisting of individuals organized to conduct a business for gain and having a joint stock of capital represented by shares owned individually by the members and transferable without the consent of the group

Examples of joint-stock company in a Sentence

Recent Examples on the Web The very land on which Congress now sits was first colonized by theVirginia Company of London, a joint-stock company chartered by King James I and his fellow shareholders. Olúfẹ́mi Táíwò, The New Republic, "Corporations Are Salivating Over the Coronavirus Pandemic," 3 Apr. 2020 In the 18th century the joint-stock company created bubbles, before going on to make large-scale business possible in the 19th century. The Economist, "The rise of the financial machines," 3 Oct. 2019 All major companies owned by the central government, excluding financial and cultural firms, will be transformed into limited-liability or joint-stock companies by Dec. 31, according to a plan released by the State Council, or cabinet. WSJ, "China’s Overhaul of State Companies Approaches Modernization Milestone," 26 July 2017

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'joint-stock company.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of joint-stock company

1776, in the meaning defined above

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The first known use of joint-stock company was in 1776

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Cite this Entry

“Joint-stock company.” Dictionary, Merriam-Webster, Accessed 3 Dec. 2020.

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More Definitions for joint-stock company

joint-stock company

Legal Definition of joint-stock company

see company

More from Merriam-Webster on joint-stock company Encyclopedia article about joint-stock company

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