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.

---

Other Word Forms

• nonassessability noun

Etymology

Origin of nonassessable

non- + assessable ( def. )

Example Sentences

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

From Project Gutenberg

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 Project Gutenberg