Definition of limited liability in English:

limited liability

Line breaks: limit¦ed li¦abil|ity

Entry from British & World English dictionary


[mass noun] British
The condition by which shareholders are legally responsible for the debts of a company only to the extent of the nominal value of their shares.

Definition of limited liability in:

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Word of the day apposite
Pronunciation: ˈapəzɪt
apt in the circumstances or relation to something