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lim'ited com'pany



Brit.
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 lim'it•ed-li•a•bil'i•ty com'pany Pronunciation: (lim'i-tid-lī"u-bil'i-tē). [key]

Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.

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