Found 2 items, similar to Joint-stock company.
English → English
Definition: joint-stock company
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
English → English
Definition: Joint-stock company
(joint), a. [F., p. p. of joindre. See Join
1. Joined; united; combined; concerted; as, joint action.
2. Involving the united activity of two or more; done or
produced by two or more working together.
I read this joint effusion twice over. --T. Hook.
3. United, joined, or sharing with another or with others;
not solitary in interest or action; holding in common with
an associate, or with associates; acting together; as,
joint heir; joint creditor; a joint bank account; joint
debtor, etc. “Joint tenants of the world.”
4. Shared by, or affecting two or more; held in common; as,
joint property; a joint bond.
A joint burden laid upon us all. --Shak.
(Parliamentary Practice), a committee
composed of members of the two houses of a legislative
body, for the appointment of which concurrent resolutions
of the two houses are necessary. --Cushing.
, or Joint session
, the meeting or session
of two distinct bodies as one; as, a joint meeting of
committees representing different corporations; a joint
session of both branches of a State legislature to chose a
United States senator. “Such joint meeting shall not be
dissolved until the electoral votes are all counted and
the result declared.”
--Joint Rules of Congress, U. S.
(Parliamentary Practice), a resolution
adopted concurrently by the two branches of a legislative
body. “By the constitution of the United States and the
rules of the two houses, no absolute distinction is made
between bills and joint resolutions.”
(Parliamentary Practice), a rule of proceeding
adopted by the concurrent action of both branches of a
legislative assembly. “Resolved, by the House of
Representatives (the Senate concurring), that the
sixteenth and seventeenth joint rules be suspended for the
remainder of the session.”
--Journal H. of R., U. S.
Joint and several
(Law), a phrase signifying that the debt,
credit, obligation, etc., to which it is applied is held
in such a way that the parties in interest are engaged
both together and individually thus a joint and several
debt is one for which all the debtors may be sued together
or either of them individually; used especially in the
phrase joint and several liability.
, stock held in company.
(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.
(Law), a tenure by two or more persons of
estate by unity of interest, title, time, and possession,
under which the survivor takes the whole. --Blackstone.
(Law), one who holds an estate by joint
tenancy. Contrassted with tenant in common