English translation: joint-stock company of open (closed) type
Login or register (free and only takes a few minutes) to participate in this question.
You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.
Explanation: Joint stock companies fall under two distinctive categories. The first category consists
of a company whose promoters secure a portion of its share capital by way of transferring shares to
the public and such a company is called a public company. The second category consists of a
company whose share capital, in its entirety, is secured by its promoters at the time of its formation
and such a company is called a private company.
Uldis Liepkalns Latvia Local time: 10:21 Works in field Native speaker of: Latvian, Russian