American Heritage® Dictionary of the English Language, Fourth Edition
- n. A business whose capital is held in transferable shares of stock by its joint owners.
- n. business, law, UK A company with transferable ownership interests and limited shareholder liability.
- n. business, law, US A company with transferable ownership interests and unlimited shareholder liability.
GNU Webster's 1913
- adj. (Law) a species of partnership, consisting generally of a large number of members, having a capital divided, or agreed to be divided, into shares, the shares owned by any member being usually transferable without the consent of the rest.
- n. 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
“Burnham Co., of Waterbury, to enter into a joint-stock company at my place in New Haven, under the name of the Jerome Manufacturing Co.”
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