What is the meaning of LIMITED LIABILITY?

Responsibility or obligation which is restricted to the limits set out.

Barry Goldsmith
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APABarry Goldsmith. (2010). limited liability. Retrieved September 25, 2026, from http://smartdefine.org/limited_liability/definitions/1157252
ChicagoBarry Goldsmith. 2010. "limited liability" http://smartdefine.org/limited_liability/definitions/1157252 (accessed September 25, 2026).
HarvardBarry Goldsmith 2010, limited liability, Smart Define, viewed 25 September, 2026, <http://smartdefine.org/limited_liability/definitions/1157252>.
MLABarry Goldsmith. "limited liability" 21 October 2010. Web. 25 September 2026. <http://smartdefine.org/limited_liability/definitions/1157252>
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