Century Dictionary and Cyclopedia
- Of or pertaining to or concerning joint stock, or the holding of stock in shares; having a capital divided into shares.
- An association for similar objects, but having the express sanction of statute for its organization as a corporation. In both classes of companies the members contribute.
“He sees little future for the newly emerging business organizations called joint-stock companies corporations, since it seems highly improbable that such impersonal bodies could muster the necessary self-interest to pursue complex and arduous undertakings.”
“Lawrence Washington, William Fairfax, and other Virginians began talking as early as 1747 about forming a “company of gentlemen and adventurers,” as joint-stock corporations were called, to speculate in Ohio lands and take the Indian fur trade away from the French and the Pennsylvanians.”
“Furthermore, the government overhauled regulations to allow the cajas — controlled by employees, depositors and local governments — to become joint-stock companies and list on the stock market.”
“For example, many of the early British North American colonies were founded by joint-stock companies, including the famous Massachusetts Bay Company.”
“Then, as Russia's prime minister, he signed a decree turning Gazprom, which holds about one-sixth of the world's gas reserves, into a joint-stock company and ensured its monopoly on production, sale, transport and export of Russia's gas.”
“Aabar said in a statement posted on the Abu Dhabi exchange website that its board will meet Thursday to consider calling an extraordinary meeting of shareholders to discuss the firm's conversion to a private joint-stock company.”
“China's banks can be classified as state-owned policy banks, state-owned commercial banks, joint-stock commercial banks, and others such as rural credit cooperation associations, city commercial banks and foreign banks.”
“However, Volkswagen is seeking shareholder approval at its annual general meeting on April 22 to issue bonds with warrants or convertible bonds for a maximum of 40 million preferred shares in order to gain an additional financing instrument, which the company predicts will become common for boosting the financial flexibility of major joint-stock listed companies in future.”
“That was the joint-stock enterprise originally chartered by the first Queen Elizabeth.”
“Created in 1602 as the world's first joint-stock company, the VOC was comprised of six member chambers, known as kamers, which were the legacy of the various smaller commercial organizations folded into the VOC.”
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