Limited company. A business structure used in Europe and Canada, in which shareholder responsibility for company debt is limited, usually to the amount he/she has invested in the company. In some cases, the liability of shareholders is limited to specific pre-determined amounts (which are stated in a memorandum). Abbreviated Ltd or plc.

Use ltd in a sentence

They were an ltd and that was a cool thing because I felt like they would get the most out of their work by limiting themselves.

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My best friend just opened his own company and after considering his options he made it an LTD so his family won't lose the house should something bad happen.

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