nonassessable

American  

[non-uh-ses-uh-buhl] / ˌnɒn əˈsɛs ə bəl /

adjective

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

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Other Word Forms

• nonassessability
  noun

Etymology

Origin of nonassessable

non- + assessable ( def. )

Example Sentences

See Examples For:

nonassessable

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

From Shadow Mountain by Coolidge, Dane

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.

From Flowing Gold by Beach, Rex Ellingwood