Joint-stock company and Limited company

Joint-stock company noun - A company (usually unincorporated) which has the capital of its members pooled in a common fund; transferable shares represent ownership interest; shareholders are legally liable for all debts of the company.

Limited company and joint-stock company are semantically related. In some cases you can use "Limited company" instead a noun phrase "Joint-stock company".

Limited company noun - A company that is organized to give its owners limited liability.

Joint-stock company and limited company are semantically related. You can use "Joint-stock company" instead a noun phrase "Limited company".