ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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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.
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CONTRA REVENUE ACCOUNT is an account that is offset against a revenue account on the income statement.
MONEY MARKET PREFERRED STOCK see AUCTION-RATE PREFERRED STOCK.