limited liability
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.
Origin of limited liability
1Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use limited liability in a sentence
Eason recounted what he knew: that a limited-liability company was set up to buy a house where Jobs could recuperate.
Memphis Doctor Who Performed Steve Jobs’ Liver Transplant Bought His House | Andy Meek | June 26, 2012 | THE DAILY BEASTThe 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?
Crying for the Light, Vol. 2 [of 3] | J. Ewing RitchieIn 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.
Early Days in North Queensland | Edward Palmer
British Dictionary definitions for limited liability
British 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
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
Cultural definitions for limited liability
A fundamental feature of corporations, whereby investors are liable only up to the amount of their investment.
Notes for limited liability
The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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