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Also available:
World English Dictionary
Dictionnaire Français
limited liability
lim·it·ed li·a·bil·i·ty
noun
Definition:
investor's liability for company's debts:
an investor's liability for no greater a proportion of a company's debt than is represented by the value of his or her financial stake in the business
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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