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Limited liability   /lˈɪmətəd lˌaɪəbˈɪlɪti/   Listen
Limited liability

noun
1.
The liability of a firm's owners for no more than the capital they have invested in the firm.





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"Limited liability" Quotes from Famous Books



... eyeglass and looked at the paper, which read: 'I hereby agree to do my best to form a limited liability company for the purpose of taking over the Ottawa Mica-mine. I agree to pay my share of the expenses, and to accept one-third ...
— A Woman Intervenes • Robert Barr


Words linked to "Limited liability" :   liability, financial obligation, indebtedness


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