JOINT STOCK COMPANY Definition

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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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OWNERS EQUITY RATIO see RETURN ON STOCKHOLDERS EQUITY.

P as the fifth letter in a Nasdaq stock symbol indicates that the issue is first class of preferred shares in the company.

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