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Limited liability   /lˈɪmətəd lˌaɪəbˈɪlɪti/   Listen
Limited liability

noun
1.
The liability of a firm's owners for no more than the capital they have invested in the firm.





WordNet 3.0 © 2010 Princeton University


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"Limited liability" Quotes from Famous Books



... came about that he was bound for the Dogger Bank needs explanation. His father was a prosperous Lincolnshire man who had built up a large export business, which was now about to be converted into a limited liability company. Mr. Page was to become managing director of the new company, but, unfortunately, he could find no suitable position in the concern for his son Charlie. He determined, therefore, to purchase, with a portion of the money which he would receive from the company, ...
— Chatterbox, 1905. • Various


Words linked to "Limited liability" :   liability, financial obligation, indebtedness


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