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limited liability

Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n. The liability of a firm's owners for no more capital than they have invested in the business.

from Wiktionary, Creative Commons Attribution/Share-Alike License

  • n. The liability of an owner or a partner of a company for no more capital than they have invested.

from the GNU version of the Collaborative International Dictionary of English

  • n. See Limited company, under Limited.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

  • n. the liability of a firm's owners for no more than the capital they have invested in the firm

Etymologies

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Examples

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