limited liability


Definition: Meaning of, limited liability in English to English dictionary.

Pronunciation: / ˈlɪmɪtɪd lʌɪəˈbɪlɪti /

  • noun
  • synonym
  • antonym
Word Forms:
Singular Plural
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[uncountable]
  1. technical the legal position of being responsible for paying only a limited amount of debt if something bad happens to yourself or your company
    SYNONYM
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    ANTONYM
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