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单词 joint-stock company
释义 joint-stock company

A legal arrangement by which investors pool their funds to carry on a business. Investors receive shares in proportion to the funds put in, and the shareholders elect directors to manage the business. Shareholders receive any distributed profits as dividends, proportional to the number of shares they own. Joint-stock companies generally also have limited liability for their shareholders.

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更新时间:2025/2/2 12:24:10