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Dictionary


lim'ited liabil'ity




a liability restricted by law or contract, as the liability of owners of shares in a corporation or limited company, or that of a special partner.

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

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See also:
  • Strict Standards: Non-static method FenSites::linkTo() should not be called statically in /site/html/dictionary/limited-liability.html on line 98 limited liability (Thesaurus)

 

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