limited liability

noun

  • Business (Corporate) Law/Company Law

Definitions of limited liability

  • the limitation placed on the amount an investor in a company can lose resulting from any loss suffered by the company

    The shareholders of the company enjoy limited liability because all they can lose is the amount which they have paid for their shares.

This is a limited preview — please sign in or subscribe to learn everything we know about the term “limited liability”.

Phrase Bank for limited liability

Additional Notes for limited liability