| / English Dictionary |
LIMITED LIABILITY
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
The liability of a firm's owners for no more than the capital they have invested in the firm
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("limited liability" is a kind of...):
financial obligation; indebtedness; liability (an obligation to pay money to another party)
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