limited liability definition

  • noun:
    • The liability of a company's proprietors for no further money than they usually have committed to the business.
    • The liability of an owner or a partner of a business for forget about money than they've invested.
    • See restricted organization, under restricted.
    • the liability of a strong's owners for a maximum of the administrative centre obtained purchased the company

Related Sources

  • Hypernym for "limited liability"
  • Etymologically Related for "limited liability"
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