unlimited liability

Definition

A type of investment in which a partner or investor can lose an unlimited amount of money. opposite of limited liability.

Use unlimited liability in a sentence

There was unlimited liability, so there was more of a risk involved and things could go wrong with it easily.

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The unlimited liability nature of the investment made the team verify the information used to arrive at the final decision.

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Bob was researching ways to make a little extra money. When bob choose to invest inn company "A", he chose to have UNLIMITED LIABILITY.

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unlimited Joint Stock Company