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.
Nearby words
limitarian, limitary, limitation, limitative, limited, limited company, limited edition, limited liability, limited monarchy, limited partner, limited partnership
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. 2019
British Dictionary definitions for limited company
limited company
noun
British a company whose owners enjoy limited liability for the company's debts and losses
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
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