What is the meaning of limited liability?

noun

  • The liability of a firm's owners for no more than the capital they have invested in the firm. .
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). limited liability. Retrieved September 20, 2026, from http://smartdefine.org/limited_liability/definitions/1243090
ChicagoWordNet. 2010. "limited liability" http://smartdefine.org/limited_liability/definitions/1243090 (accessed September 20, 2026).
HarvardWordNet 2010, limited liability, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/limited_liability/definitions/1243090>.
MLAWordNet. "limited liability" 23 October 2010. Web. 20 September 2026. <http://smartdefine.org/limited_liability/definitions/1243090>
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