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joint-stock company
noun
limited liability company
noun
(law)
A
type
or
form
of
for-profit
incorporated
company
where
ownership
is
divided
into
shares,
and
where
the
governing
rules
are
set
forth
in
a
contract
entered
into
by
all
of
the
initial
shareholders.
The
name
derives
from
the
fact
that
regardless
of
potential
losses
or
even
bankruptcy
of
the
corporation,
individual
shareholders
will
bear
a
maximum
liability
of
the
price
they
paid
for
their
shares.
public limited company
noun
company sergeant major
noun
keep someone company
verb
British South Africa Company
name
two's company, three's trumpery
British East India Company
name
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