Akademik

a company that is organized to give its owners limited liability

Britain : a company in which the liability of each shareholder is limited to the par value of his stock or to an amount fixed by a guarantee

a company in which the shareholders cannot be assessed for debts of the company beyond the sum they still have invested in the company. Also called limited-liability company /lim"i tid luy'euh bil"i tee/.

[1850-55]

limited company or limˈited-liabilˈity company noun

One whose owners have liability for its debts, etc only according to their financial stake in it

Main Entry: ↑limit

limited company UK US noun [countable] [singular limited company plural limited companies] business

a company whose owners are legally responsible for only a limited amount of its debts

Thesaurus: general types of business or company_hypernym general words for business people and managers_hyponym

limited company,

a company in which the liability of stockholders is limited to the amount of money they invested in the company.

ˌlimited ˈcompany [limited company] (also ˌlimited liaˈbility company) noun

(in Britain) a company whose owners only have to pay a limited amount of its debts

see also ↑Ltd