The definition :


Definitions of limited liability:

  • noun:   the liability of a firm's owners for no more than the capital they have invested in the firm



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:circumscribed constricted controlled finite incomprehensive minor moderate modest modified narrow noncomprehensive qualified restricted small small scale special specific limitless limit basic emcee infinite timid absolute all purpose :financial obligation indebtedness pecuniary obligation bad badness economic condition financial condition possession susceptibility susceptibleness account payable accounts payable charge debt deficit disadvantage limited liability obligation payables ratability rateability scot and lot tax liability weak point asset

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