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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.






WordNet 3.0 © 2010 Princeton University








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"Limited liability" Quotes from Famous Books



... satisfactorily with their co-operative store, which they are now extending to other undertakings of a greater magnitude, and I hope soon to see hundreds of similar associations in Great Britain and Ireland. But we want more freedom for limited liability companies, instead of so many difficulties being thrown in their way by over-legislation. I do not want to treat working people as children, but to encourage them to help themselves. I have had to work hard myself, and I ...
— Mr. Hogarth's Will • Catherine Helen Spence



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



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