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limited liability

   Also found in: Legal, Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.04 sec.
limited liability
n.
The liability of a firm's owners for no more capital than they have invested in the business.
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.limited liability - the liability of a firm's owners for no more than the capital they have invested in the firm
financial obligation, indebtedness, liability - an obligation to pay money to another party
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I suppose I can't very well turn myself into a Limited Liability Company.
The Amateur Cracksman by Hornung, E. W. View in context
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