limited company

[lim-i-tid kuhm-puh-nee]

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.

limited company

noun

1. a company whose owners enjoy limited liability for the company's debts and losses

Word History and Origins

Origin of limited company¹

First recorded in 1850–55

Example Sentences

People who run limited companies are not personally liable for that company's debts.

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Nepal's resources should belong to the people, not to "politicians' private limited companies", she wrote, calling on her peers to "march against corruption and the misuse of our nation's wealth".

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Depher was a CIC - or Community Interest Company - which is a special type of UK limited company that exists to benefit the community rather than for private profit.

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Reform UK was founded as a private limited company, with Farage holding the majority of shares.

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Due to their success, the couple have become a limited company - registered with Companies House - and have signed with a management agency.

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