La palabra del día: Sociedad Anónima

Feminine noun. Public limited company with legal personality in which the capital, divided into shares (acciones), is made up of the contributions of the partners who are not personally liable for the company debts. It is usually presented with the name of the company plus S.A. E.g. YPF S.A.
Why is it called anónima? Because the share can be transferable to anybody, although the estatuto social (bylaw) can state some limitations. If the acciones are sold in the bolsa de valores (stoke exchange) is a sociedad anónima cotizada. dc