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limited company

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noun British.
  1. a company in which the shareholders cannot be assessed for debts of the company beyond the sum they still have invested in the company.
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Origin of limited company

First recorded in 1850–55
Also called lim·it·ed-li·a·bil·i·ty com·pany [lim-i-tid-lahy-uh-bil-i-tee] /ˈlɪm ɪ tɪdˌlaɪ əˈbɪl ɪ ti/.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for limited company

limited company

noun
  1. British a company whose owners enjoy limited liability for the company's debts and losses
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012