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limited liability
noun
- a liability restricted by law or contract, as the liability of owners of shares in a corporation or limited company, or that of a special partner.
limited liability
noun
- liability restricted to the unpaid portion (if any) of the par value of the shares of a limited company. It is a feature of share ownership
limited liability
- A fundamental feature of corporations , whereby investors are liable only up to the amount of their investment .
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Word History and Origins
Origin of limited liability1
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Example Sentences
Eason recounted what he knew: that a limited-liability company was set up to buy a house where Jobs could recuperate.
The next day, he started Soho Properties General Partner LLC as a foreign limited liability corporation.
After all, what is Government but a limited liability company for the governing of the nation?
In 1880 the business was turned into a limited liability company.
The principle of limited liability having been once adopted by the legislature, justice required not only Register of members.
Partnerships with limited liability may be formed by two or more members.
The Company was formed into a limited liability company twenty-one years ago.
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