What is the definition of Limited liability? | Dictionary.net

LIMITED LIABILITY

\lˈɪmɪtɪd lˌa͡ɪəbˈɪlɪti], \lˈɪmɪtɪd lˌa‍ɪəbˈɪlɪti], \l_ˈɪ_m_ɪ_t_ɪ_d l_ˌaɪ_ə_b_ˈɪ_l_ɪ_t_i]\

Definitions of LIMITED LIABILITY

1899 - The american dictionary of the english language.

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In a joint-stock company, means that the members are liable only in a fixed proportion to each share.
LIMITEDLY.

1899 - The american dictionary of the english language.
By Daniel Lyons

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