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Limited liability

/lˈɪmɪtɪd lˌaɪəbˈɪlɪti/

/lˈɪmɪɾᵻd lˌaɪəbˈɪlɪɾi/

LL

Definition & Meaning of "limited liability"

Limited liability

01

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

Example

Nearby Words

limited edition

limited animation

limited overs cricket

limited release

limited-edition

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