joint-stock company

Definitions

Accounting

  • noun formerly, a public company in the UK whose shares were owned by very many people. Now called a Public Limited Company or Plc.

Economics

  • noun a company which issues shares to those who have contributed capital to it. If it is a private company, its shares are not listed on the stock exchange and it is called Limited or Ltd in its name; if it is a public company whose shares are listed on the Stock Exchange, then it is called a Public Limited Company or Plc.
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