ALL meanings of limited liability
lim·it·ed li·a·bil·i·ty
L l - noun limited liability a liability restricted by law or contract, as the liability of owners of shares in a corporation or limited company, or that of a special partner. 1
- noun limited liability liability restricted to the unpaid portion (if any) of the par value of the shares of a limited company. It is a feature of share ownership 0
- noun limited liability (finance) The liability of an owner or a partner of a company for no more capital than they have invested. 0