The DICT Development Group
2 definitions found
for Joint-stock company
From The Collaborative International Dictionary of English v.0.48 :
Joint \Joint\ (joint), a. [F., p. p. of joindre. See Join.]
1. Joined; united; combined; concerted; as, joint action.
2. Involving the united activity of two or more; done or
produced by two or more working together.
I read this joint effusion twice over. --T. Hook.
3. United, joined, or sharing with another or with others;
not solitary in interest or action; holding in common with
an associate, or with associates; acting together; as,
joint heir; joint creditor; a joint bank account; joint
debtor, etc. "Joint tenants of the world." --Donne.
4. Shared by, or affecting two or more; held in common; as,
joint property; a joint bond.
A joint burden laid upon us all. --Shak.
Joint committee (Parliamentary Practice), a committee
composed of members of the two houses of a legislative
body, for the appointment of which concurrent resolutions
of the two houses are necessary. --Cushing.
Joint meeting, or Joint session, the meeting or session
of two distinct bodies as one; as, a joint meeting of
committees representing different corporations; a joint
session of both branches of a State legislature to chose a
United States senator. "Such joint meeting shall not be
dissolved until the electoral votes are all counted and
the result declared." --Joint Rules of Congress, U. S.
Joint resolution (Parliamentary Practice), a resolution
adopted concurrently by the two branches of a legislative
body. "By the constitution of the United States and the
rules of the two houses, no absolute distinction is made
between bills and joint resolutions." --Barclay (Digest).
Joint rule (Parliamentary Practice), a rule of proceeding
adopted by the concurrent action of both branches of a
legislative assembly. "Resolved, by the House of
Representatives (the Senate concurring), that the
sixteenth and seventeenth joint rules be suspended for the
remainder of the session." --Journal H. of R., U. S.
Joint and several (Law), a phrase signifying that the debt,
credit, obligation, etc., to which it is applied is held
in such a way that the parties in interest are engaged
both together and individually thus a joint and several
debt is one for which all the debtors may be sued together
or either of them individually; used especially in the
phrase joint and several liability.
Joint stock, stock held in company.
Joint-stock company (Law), a species of partnership,
consisting generally of a large number of members, having
a capital divided, or agreed to be divided, into shares,
the shares owned by any member being usually transferable
without the consent of the rest.
Joint tenancy (Law), a tenure by two or more persons of
estate by unity of interest, title, time, and possession,
under which the survivor takes the whole. --Blackstone.
Joint tenant (Law), one who holds an estate by joint
tenancy. Contrassted with tenant in common.
From WordNet (r) 3.0 (2006) :
n 1: 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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