Limitation of loss to what has already been invested. Bloomberg Financial Dictionary
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See equity shares. Dresdner Kleinwort Wasserstein financial glossary
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When the liability of the shareholders is limited to the nominal value of their shares, it is called limited liability. London Stock Exchange Glossary
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A restriction of the owners' loss in a business to the amount of capital they have invested.
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limited liability UK US noun [U] LAW
► a situation in which the owners or other shareholders of a company are not responsible for all of its debts if the company fails: »
The bank can rely on limited liability to protect employees and shareholders from lawsuits.
Financial and business terms. 2012.