nonassessable

[non-uh-ses-uh-buhl]

adjective

1. (of stock) exempting the investor from any expense or liability beyond the amount of the investment.

Other Word Forms

• nonassessability noun

Word History and Origins

Origin of nonassessable¹

non- + assessable ( def. )

Example Sentences

The stock, of course, is nonassessable and the taxes are very small.

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It saves paying a big corporation tax and lets you sell all the full-paid, nonassessable stock you want to issue, regardless of what the property is worth.

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