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  1. Dictionary
    limited liability

    noun

    • 1. the condition by which shareholders are legally responsible for the debts of a company only to the extent of the nominal value of their shares. British

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  2. www.investopedia.com › terms › lLimited Liability Definition: How It Works in ... - Investopedia

    Jul 14, 2022 · Limited liability is a legal structure of organizations that limits the extent of an economic loss to assets invested in the organization and that keeps the personal assets of investors and...

  3. dictionary.cambridge.org › dictionary › englishLIMITED LIABILITY | English meaning - Cambridge Dictionary

    a situation in which the owners or other shareholders of a company are not responsible for all of its debts if the company fails: The bank can rely on limited liability to protect employees and shareholders from lawsuits. Compare. unlimited liability.

  4. www.wallstreetmojo.com › limited-liabilityLimited Liability - Meaning, Types, Advantages/Disadvantages

    May 17, 2024 · Limited liability is a business ownership structure that protects shareholders’ personal assets from losses and debts. The liability is limited to the amount invested in the company. Owners and partners are not accountable for the firm’s losses and debts.

  5. www.merriam-webster.com › dictionary › limited liabilityLimited liability Definition & Meaning - Merriam-Webster

    Mar 1, 2024 · The meaning of LIMITED LIABILITY is liability (as of a stockholder or shipowner) limited by statute or treaty.

  6. dictionary.cambridge.org › english › limited-liabilityLIMITED LIABILITY definition | Cambridge English Dictionary

    a situation in which the owners or other shareholders of a company are not responsible for all of its debts if the company fails: The bank can rely on limited liability to protect employees and shareholders from lawsuits. Compare. unlimited liability.

  7. en.wikipedia.org › wiki › Limited_liabilityLimited liability - Wikipedia

    Limited liability is a legal status in which a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a corporation, company or joint venture.

  8. www.thebalancemoney.com › what-is-limited-liability-5205544What Is Limited Liability? - The Balance

    Jul 29, 2022 · Definition. Limited liability protects a business owner from being personally liable for debts incurred by the business. Learn how it works in different business structures.