limited liability

Save This Word!

noun

a liability restricted by law or contract, as the liability of owners of shares in a corporation or limited company, or that of a special partner.

QUIZ

WILL YOU SAIL OR STUMBLE ON THESE GRAMMAR QUESTIONS?

Smoothly step over to these common grammar mistakes that trip many people up. Good luck!

Question 1 of 7

Fill in the blank: I can’t figure out _____ gave me this gift.

who

whom

TAKE THE QUIZ TO FIND OUT

Origin of limited liability

First recorded in 1850–55

Words nearby limited liability

limitative, limit-cycle, limited, limited company, limited edition, limited liability, limited monarchy, limited partner, limited partnership, limited-payment life insurance, limited policy

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use limited liability in a sentence

State lawmakers approved the formation of limited liability companies, now widely used across the country to help conceal the identities of owners and protect their assets from creditors.
The ‘Cowboy Cocktail’: How Wyoming became one of the world’s top tax havens|Debbie Cenziper, Will Fitzgibbon|December 20, 2021|Washington Post
Sometimes the listed owner is really a limited liability company, and finding contact information for a relevant person can be challenging.
Baltimore using QR codes for vacant homes|Christine Condon|July 7, 2021|Washington Post
The promise of limited liability is that it will structure markets to generate economic scale, which in turn can enable greater human flourishing.
Why do attempts at reforming capitalism fail?|jakemeth|October 10, 2020|Fortune
The cornerstone of modern capitalism is limited liability, the legal notion that investors are responsible for losses of a corporation only to the extent of their own initial investments.
Why do attempts at reforming capitalism fail?|jakemeth|October 10, 2020|Fortune

But those weapons are of limited utility, especially during close-in fights.
New U.S. Stealth Jet Can’t Fire Its Gun Until 2019|Dave Majumdar|December 31, 2014|DAILY BEAST
In addition, foreign films were limited by a system of licensure to a third of the number of domestic films.
Propaganda, Protest, and Poisonous Vipers: The Cinema War in Korea|Rich Goldstein|December 30, 2014|DAILY BEAST
When they invade new territory, populations are low, and the queen has limited mate options.
Mongooses, Meerkats, and Ants, Oh My! Why Some Animals Keep Mating All in the Family|Helen Thompson|December 29, 2014|DAILY BEAST
And, of course, it recommends keeping screen time limited, so as not to supplant other, real-world play and exploration.
Yes, Your Toddler Can Watch TV: The New Rules for Screen Time|Russell Saunders|December 26, 2014|DAILY BEAST
As with much of this investigation our information is somewhat limited.
No, North Korea Didn’t Hack Sony|Marc Rogers|December 24, 2014|DAILY BEAST
We see the whole land, even if but at a distance, instead of being limited merely to the spot where our foot treads.
Music-Study in Germany|Amy Fay
It is ordinarily considered that the range of the speaking voice is very limited as compared with the singer's range.
Expressive Voice Culture|Jessie Eldridge Southwick
And could it not be extended from its present limited range until it reached practically the whole adolescent community?
The Salvaging Of Civilisation|H. G. (Herbert George) Wells
Though the average speaker is generally limited by one type of voice, which he varies somewhat, it is not often disguised.
Expressive Voice Culture|Jessie Eldridge Southwick
The percentage of gold to the notes—the main demand liability—has, of course, fallen from about 65 to 35 per cent.
Readings in Money and Banking|Chester Arthur Phillips

British Dictionary definitions for limited liability

limited liability

noun

British liability restricted to the unpaid portion (if any) of the par value of the shares of a limited company. It is a feature of share ownership

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

Cultural definitions for limited liability

limited liability

A fundamental feature of corporations, whereby investors are liable only up to the amount of their investment.

notes for limited liability

This principle is important for failing corporations because it holds that only the assets of the corporation, not the personal assets of its owners, can be liquidated (see liquidation) to cover the corporation's debts.