limited-liability

adjective

Of a business entity, having liability for legal claims that is limited to the assets of the entity itself, and which therefore does not reach the assets of the individual owners/investors of the company.

Ask AI about this wordChatGPTClaudePerplexityGoogle AIGrok

Meanings

adjectivelimited-liability (not comparable)
  1. not comparablelawOf a business entity, having liability for legal claims that is limited to the assets of the entity itself, and which therefore does not reach the assets of the individual owners/investors of the company.
Cite this entry
APA

limited-liability. (n.d.). In WatkinsX Dictionary. Retrieved November 3, 2026, from https://dictionary.watkinsx.com/word/limited-liability

MLA

“limited-liability.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/limited-liability. Accessed November 3, 2026.

Chicago

WatkinsX Dictionary, s.v. “limited-liability,” accessed November 3, 2026, https://dictionary.watkinsx.com/word/limited-liability.

Source: limited-liability on Wiktionary, CC BY-SA 4.0.