American Heritage® Dictionary of the English Language, Fourth Edition
- n. A firm, usually associated with British registration, that is organized in such a way as to give its owners limited liability.
GNU Webster's 1913
- adj. [Eng.] a company in which the liability of each shareholder is limited by the number of shares he has taken, so that he can not be called on to contribute beyond the amount of his shares.
- n. a company that is organized to give its owners limited liability
“Remind him it is illegal for a limited company to go on trading when it is insolvent, and I fear … I really fear that measures must be taken at once, and only he can authorise them. ”
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All these terms have a (different) American English equivalent. Wonder if you can identify them?
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