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Joint stock company
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Joint stock company is basically a company that has issued shares. However, all companies are now "joint stock" and the term is rarely used.
Just for laughs, we opened our old Collins dictionary to find :
"joint stock company - a mercantile, banking or co-operative association with capital made up of transferable shares"
See also equity and securities .In the U.S., the term common stock has a similar meaning.
See Also: Online share dealing service Stockmarket Centre
Last Updated: May 2007 © Moneyextra.com
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