Limited liability

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BabylonEnglish English dictionaryDownload this dictionary
limited liability
limited responsibility, partial legal responsibility


Wikipedia English The Free EncyclopediaDownload this dictionary
Limited liability
Limited liability is a concept whereby a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership with limited liability. A shareholder in a limited liability company is not personally liable for any of the debts of the company, other than for the value of his investment in that company. The same is true for the members of a limited liability partnership and the limited partners in a limited partnership. By contrast, sole proprietors and partners in general partnerships are each liable for all the debts of the business (unlimited liability).
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WordNet 2.0 DictionaryDownload this dictionary
limited liability
Noun
1. the liability of a firm's owners for no more than the capital they have invested in the firm
(hypernym) indebtedness, liability, financial obligation


Campbell R. Harvey's Hypertextual Finance DictionaryDownload this dictionary
Limited liability
Limitation of possible loss to what has already been invested.
Raynet Business | Marketing DictionaryDownload this dictionary
Limited Liability
type of investment in which a partner or investor cannot lose more than the amount invested.

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