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Term: Accounting -> Joint Stock Company
Term:

Joint Stock Company

Definition:

Joint Stock Company is a company that has some features of a corporation and some features of a partnership. This type of company has access to the liquidity and financial reserves of stock markets as a corporation, however, as in a partnership; the stockholders are liable for company debts and have additional restrictions of a partnership.

Related terms:

Joint payee endorsement

Qualitative

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