limited company


nounBritish.
  1. a company in which the shareholders cannot be assessed for debts of the company beyond the sum they still have invested in the company.

Origin of limited company

1
First recorded in 1850–55
  • Also called lim·it·ed-li·a·bil·i·ty com·pany [lim-i-tid-lahy-uh-bil-i-tee]. /ˈlɪm ɪ tɪdˌlaɪ əˈbɪl ɪ ti/.

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024

How to use limited company in a sentence

  • But I sell only on the condition that the buyer does not transfer the property to a limited company at a higher figure.'

    The Grand Babylon Hotel | Arnold Bennett

British Dictionary definitions for limited company

limited company

noun
  1. British a company whose owners enjoy limited liability for the company's debts and losses

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012