limited liability Definition

limited liability

Definition

Type of investment in which a partner or investor cannot lose more than the amount invested. Thus, the investor or partner is not personally responsible for the debts and obligations of the company in the event that these are not fulfilled.

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limited liability is ...
... part of the Trading subject.

Related Terms

corporation - More

liability - More

unlimited liability - More

corporate, Limited Liability Company, LLC, proprietor, general partnership

limited liability appears in these other terms

Limited Liability Partnership

limited liability appears in the definitions of these other terms on BusinessDictionary.com

C Corporation (C Corp), public limited company, unlimited liability company, de facto corporation, dummy corporation, and