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limited liability

Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License.

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

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

  • noun 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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