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limited liability
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limited liability
as in:  a limited liability partnership


Miss Brinklow wishes to convert us, and Mr. Barnard would also like to convert us—into a limited liability company.
James Hilton  --  Lost Horizon
  the liability of a firm’s owners for no more than the capital they have invested in the firm
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Samples:
  • Miss Brinklow wishes to convert us, and Mr. Barnard would also like to convert us—into a limited liability company.
    James Hilton  --  Lost Horizon
  • They are immediately appointed to positions of high public trust in several different countries as managing directors of banks, traffic managers of railways, chairmen of limited liability companies, vicechairmen of hotel syndicates.
    James Joyce  --  Ulysses
  • In England a corporation is a /public company/ or /limited liability company/.
    Henry L. Mencken  --  The American Language
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Associated words [difficulty]:   limited liability
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Most commonly used in these subjects:   Business, Personal Finance, Law
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