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

Derived Forms

• nonassessability
  noun

Etymology

Origin of nonassessable

non- + assessable ( def. )

Example Sentences

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

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

From Shadow Mountain by Coolidge, Dane