EQUITY Definition

EQUITY is, normally, ownership or percentage of ownership in a company or items of value.

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ATTRITION a reduction in numbers usually as a result of resignation, retirement, or death.

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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