limited company
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- 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
As a limited company, PXM will have to file yearly accounts which will be available for public scrutiny.
I've often heard you talk about independence, but it's a limited company and you've got all the shares.
A Family Man (From the Fifth Series Plays) | John GalsworthyThe conditions still prevailed which were established when Lechworthy turned his business into a limited company.
The Exiles of Faloo | Barry PainA limited company was formed, of which Aristide Pujol, man of vast experience in affairs, was managing director.
The Joyous Adventures of Aristide Pujol | William J. LockeThe branches of trade and industry which are most largely represented by the limited company form another question of interest.
The Argentine in the Twentieth Century | Albert B. Martinez
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
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
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