1. Stock is a kind of securities. Because it is issued by a joint-stock company, it is called stock.
2. Stock is the ownership certificate issued by the joint-stock company, and it is a kind of valuable securities issued by the joint-stock company to all shareholders as the shareholding certificate for obtaining dividends and bonuses. Each share represents the shareholder's ownership of the basic unit of the enterprise.
3. A limited liability company refers to an economic organization registered in accordance with the Regulations of the People's Republic of China on the Administration of Company Registration with less than 50 shareholders. Each shareholder shall bear limited liability to the company with the subscribed capital contribution, and the company as a legal person shall bear full liability for the company's debts with all its assets.