Definition of joint-stock company in English:

joint-stock company

noun

Finance
  • A company whose stock is owned jointly by the shareholders.

    • ‘The investor in the future large complex will be a joint-stock company in which well-known business people will participate.’
    • ‘The corporate income tax for joint-stock companies will be nearly halved from its present level of 40 percent to 25 percent.’
    • ‘This was mainly based around the activities of the East India Company, a large joint-stock company based in London.’
    • ‘In a traditional capitalist joint-stock company, votes on questions of the company's direction are allotted by shares of ownership.’
    • ‘He said Xinhua Bookstore intends to restructure itself into a joint-stock company.’

Pronunciation:

joint-stock company

/ˈjoint ˈˌstäk ˌkəmp(ə)nē/