Definition of "joint-stock" []

• Of or pertaining to or concerning joint stock, or the holding of stock in shares; having a capital divided into shares.
• An association for similar objects, but having the express sanction of statute for its organization as a corporation. In both classes of companies the members contribute.

The Century Dictionary (Public Domain)

• "He sees little future for the newly emerging business organizations called joint-stock companies corporations, since it seems highly improbable that such impersonal bodies could muster the necessary self-interest to pursue complex and arduous undertakings."
• "Lawrence Washington, William Fairfax, and other Virginians began talking as early as 1747 about forming a “company of gentlemen and adventurers,” as joint-stock corporations were called, to speculate in Ohio lands and take the Indian fur trade away from the French and the Pennsylvanians."
• "Furthermore, the government overhauled regulations to allow the cajas — controlled by employees, depositors and local governments — to become joint-stock companies and list on the stock market."