Definition of Limited liability

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

Definition of Limited liability

1. Noun. (finance) The liability of an owner or a partner of a company for no more capital than they have invested. ¹

¹ Source:

Limited Liability Pictures

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Lexicographical Neighbors of Limited Liability

limited atonement
limited audit
limited company
limited edition
limited habitat
limited liability (current term)
limited liability companies
limited liability company
limited monarchies
limited monarchy
limited overs cricket
limited partnership
limited partnerships
limited range audiometer
limited review
limited war

Literary usage of Limited liability

Below you will find example usage of this term as found in modern and/or classical literature:

1. Journal of the Statistical Society of London by Statistical Society (Great Britain) (1870)
"limited liability. The Companies Act of 1867 sanctioned a new principle in joint stock companies, by allowing companies to be formed of a mixed character, ..."

2. United States Supreme Court Reports by Lawyers Co-operative Publishing Company, United States Supreme Court (1890)
"The scope of this testimony was substantially that they proposed to organize a corporation, with limited liability; that the purchase was to be made in the ..."

3. Principles of Economics by Frank William Taussig (1911)
"The distinguishing mark of the corporation is limited liability. The several associated persons contribute to the undertaking, in the form of a subscription ..."

4. Principles of Political Economy: With Some of Their Applications to Social by John Stuart Mill (1902)
"I mean, associations with limited liability. Associations with limited liability are of two kinds: in one, the liability of all the partners is limited, ..."

5. Concentration and Control: A Solution of the Trust Problem in the United States by Charles Richard Van Hise (1912)
"(1) The limited liability Corporation. — The first of these is the rise of ... The limited liability company gives immensely greater opportunities in the ..."

6. The Quarterly Review by William Gifford, George Walter Prothero, John Gibson Lockhart, John Murray, Whitwell Elwin, John Taylor Coleridge, Rowland Edmund Prothero Ernle, William Macpherson, William Smith (1900)
"... limited liability under the Companies Acts, 1862 to 1890, with Appendix. Presented to both Houses of Parliament by command of Her Majesty. ..."

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