Definition of stock company

stock companynoun

công ty cổ phần

/ˈstɒk kʌmpəni//ˈstɑːk kʌmpəni/

The term "stock company" in the context of businesses dates back to the 16th century in England. During the Elizabethan era, wealthy individuals known as "merchant adventurers" formed joint-stock companies to finance commercial ventures, such as trading with foreign countries, through the sale of "shares" or "stocks" in the company. These shares represented ownership in the company and granted the shareholder rights to the profits and a say in the management of the company. As this model of financing emerged as a popular and effective way of mobilizing capital for large-scale entrepreneurial activities, the expression "stock company" became established to describe such corporations. Over time, the concept of a stock company evolved and spread worldwide, forming the basis for modern limited liability corporations.

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a company owned by people who have shares in it

một công ty do những người có cổ phần sở hữu

a theatre company that does several different plays in a season; a repertory company

một công ty sân khấu thực hiện nhiều vở kịch khác nhau trong một mùa; một công ty biểu diễn