Definition Of

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DEFINITION of 'Joint Stock Company'
An organization that falls between the definitions of a partnership and corporation. This
type of company issues stock and allows for secondary market trading; however,
stockholders are liable for company debts

INVESTOPEDIA EXPLAINS 'Joint Stock Company'
This is a type of company that has access to the liquidity and financial reserves of stock
markets, but also has the restrictions of a partnership
http://www.investopedia.com/terms/j/jointstockcompany.asp

3. Limited company
A limited company is an organisation that you can set up to run your business - it’s responsible
in its own right for everything it does and its finances are separate to your personal finances.
Any profit it makes is owned by the company, after it pays Corporation Tax. The company can
then share its profits.
https://www.gov.uk/business-legal-structures/limited-company

stock exchange
noun
: a system or place where shares of various companies are bought and sold

Full Definition of STOCK EXCHANGE
1
: a place where security trading is conducted on an organized system
2
: an association of people organized to provide an auction market among themselves for the purchase
and sale of securities
See stock exchange defined for English-language learners »
See stock exchange defined for kids »

Examples of STOCK EXCHANGE

1. domestic and international stock exchanges
2. Shares of the company were trading at $20 on the New York Stock
Exchange.
3. He works as a stockbroker on the floor of the New York Stock
Exchange

http://www.merriam-webster.com/dictionary/stock%20exchange

Definition

Add to FlashcardsSave to FavoritesSee Examples

A unit of ownership that represents an equal proportion of a company's capital. It entitles its holder (the shareholder) to an
equal claim on the company's profits and an equal obligation for the company's debts and losses.
Two major types of shares are (1) ordinary shares (common stock), which entitle the shareholder to share in the earnings
of the company as and when they occur, and to vote at the company's annual general meetings and other official
meetings, and (2) preference shares (preferred stock) which entitle the shareholder to a fixed periodic income (interest)
but generally do not give him or her voting rights. See also stock.

Read more: http://www.businessdictionary.com/definition/share.html#ixzz3HDpiAM7Q

DEFINITION of 'Islamic Banking'
A banking system that is based on the principles of Islamic law (also known Shariah) and
guided by Islamic economics. Two basic principles behind Islamic banking are the
sharing of profit and loss and, significantly, the prohibition of the collection and payment
of interest. Collecting interest is not permitted under Islamic law.
http://www.investopedia.com/terms/i/islamicbanking.asp

INVESTOPEDIA EXPLAINS 'Islamic Banking'
Here's an example of how the Islamic banking system uses methods of profit/loss sharing
to facilitate financial transactions: for some types of loans, the borrower only needs to
pay back the amount owed to the lender, but the borrower can choose to pay the lender a
small amount of money to serve as a gratuity.
Since this system of banking is grounded in Islamic principles, all the undertakings of the
banks follow Islamic morals. Therefore, it could be said that financial transactions within
Islamic banking are a culturally distinct form of ethical investing (for example,
investments involving alcohol, gambling, pork, etc. are prohibited). The Dubai Islamic
Bank has the distinction of being the world's first full-fledged Islamic bank, formed in
1975.

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