limited liability

Speech parts

1. limited liability - Noun

2. limited liability - Adjective

Meaning

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

Source: WordNet

Alternative names

limited-liability

Synonyms

money laundering Ltd. Ltd limited company joint stock limited partnership diminished responsibility limited liability company limited responsibility limited warranty definite liability equity swaps in shares joint stock companies limit liability
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Antonyms

problem loss responsibility debt duty poverty
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Hypernyms

liability indebtedness financial obligation

Related terms

no liability

Examples

What we have to do...is to humanise the system of limited liability. Stanley Baldwin

Limited liability should not be sacrosanct. Like property rights-including intellectual property-it is a creation of man, to provide appropriate incentives; when that artifice fails to fulfill its social function, it needs to be modified. Joseph Stiglitz

Corporations are created by the people, acting through their governments. We grant them corporate charters that confer certain legal rights and privileges, like the ability to enter into contracts, limited liability and perpetual life. Jim McGovern

The limited liability corporation is the greatest single invention of modern times. Nicholas Murray Butler

A limited liability company and certain other business entities may elect to be treated as corporations or as partnerships. Source: Internet

Bewind trusts are created as trading vehicles providing trustees with limited liability and certain tax advantages. Source: Internet

Close letter words and terms

limited intake limited learning limited liabilities limited liability companies limited liability company limited liability investor