any of the equal parts into which a company is divided and sold to raise money. Each holder owns a portion of the profits. what is the name for this definiton?

This is called a partnership.

Explanation:

The company that is run in equitable partnership has many shares in the company to which different people are liable equally and one person has the right to sell their own stake or their own share in the company

This usually does not affect the others who are running the company

This can come with the people being involved by money or by administration too.

Many times they are just involved fiscally but do not look into the way it is run.