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limited company

noun, British.
a company in which the shareholders cannot be assessed for debts of the company beyond the sum they still have invested in the company.
Also called limited-liability company
[lim-i-tid-lahy-uh-bil-i-tee] /ˈlɪm ɪ tɪdˌlaɪ əˈbɪl ɪ ti/ (Show IPA)
Origin of limited company
First recorded in 1850-55 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2017.
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British Dictionary definitions for limited company

limited company

(Brit) a company whose owners enjoy limited liability for the company's debts and losses
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
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