limited liability

1. 1.

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

   Broaderindebtedness

Questions about limited liability

What does limited liability mean?

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

Is limited liability a common word?

limited liability is banded "Rare" — specialist or archaic — most readers will not have met it. The band comes from how often the word appears in a large corpus of everyday English, not from an editor's impression.