One of the mysteries of the English language finally explained.
A company whose stock is owned jointly by the shareholders.
- ‘He said Xinhua Bookstore intends to restructure itself into a joint-stock company.’
- ‘In a traditional capitalist joint-stock company, votes on questions of the company's direction are allotted by shares of ownership.’
- ‘This was mainly based around the activities of the East India Company, a large joint-stock company based in London.’
- ‘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.’
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