Search Result for "joint-stock company":
Wordnet 3.0

NOUN (1)

1. 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;


The Collaborative International Dictionary of English v.0.48:

Joint \Joint\ (joint), a. [F., p. p. of joindre. See Join.] [1913 Webster] 1. Joined; united; combined; concerted; as, joint action. [1913 Webster] 2. Involving the united activity of two or more; done or produced by two or more working together. [1913 Webster] I read this joint effusion twice over. --T. Hook. [1913 Webster] 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." --Donne. [1913 Webster] 4. Shared by, or affecting two or more; held in common; as, joint property; a joint bond. [1913 Webster] A joint burden laid upon us all. --Shak. [1913 Webster] Joint committee (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. Joint meeting, 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. Joint resolution (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." --Barclay (Digest). Joint rule (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. Joint stock, stock held in company. Joint-stock 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. Joint tenancy (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. Joint tenant (Law), one who holds an estate by joint tenancy. Contrassted with tenant in common. [1913 Webster]
WordNet (r) 3.0 (2006):

joint-stock company n 1: 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