JOINT-STOCK COMPANY • E-FREE TRANSLATION.COM • Definition of Joint-stock company

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/dʒɔɪnt-stɑk kˈəmpəni/ Listen

Joint-stock company

noun

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.

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Etymology of 'Joint-stock company'

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"Joint-stock company" Quotes from Famous Books

... contempt. With the outbreak of industrialism in the last quarter of the eighteenth century through the institution and introduction of "labour-saving" machinery and the consequent division of labour, the factory system, the joint-stock company and capitalism, this new slavery was extended to industrial workers, and with its establishment disappeared the ...

— Towards the Great Peace • Ralph Adams Cram

... which we hear in solitude, but they grow faint and inaudible as we enter into the world. Society everywhere is in conspiracy against the manhood of every one of its members. Society is a joint-stock company, in which the members agree, for the better securing of his bread to each shareholder, to surrender the liberty and culture of the eater. The virtue in most request is conformity. Self-reliance ...

— Essays • Ralph Waldo Emerson

... to write a little while in my journal, exercises on what I have read, or a series of characteristics which I am filling up according to advice.' Greek, French, Italian, metaphysics, and private authorship—pretty well for a miss in her teens, and surely a promissory-note on the bas bleu joint-stock company!—a note which she discharged in full when it became due. Next year (1826), we find her studying Mme de Stael, Epictetus, Milton, Racine, and Spanish ballads, 'with great delight.' Anon she is engrossed with the elder Italian poets, from Berni down to Pulci and Politian; ...

— Chambers's Edinburgh Journal, No. 438 - Volume 17, New Series, May 22, 1852 • Various

Words linked to "Joint-stock company" : company