n. the maximum amount a person participating in a business can lose or be charged in case of claims against the company or its bankruptcy. A stockholder in a corporation can only lose his/her investment, and a limited partner can only lose his/her investment, but a general partner can be responsible for all the debts of the partnership. Parties to ...
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The limitation of liability for a corporation's debt to the corporation itself, shielding its owners (e.g. shareholders)....
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The maximum that an owner (or partial owner, such as a stockholder or partner) of a business can be required to lose in the event that the business fails or acquires financial obligations greater than its value. Some forms of business organization, such as a corporation or a limited partnership, set that maximum at the amount that the owner has co....
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A legal arrangement where the owners of a business have limited responsibility for debts, usually restricted to the amount they have invested in shares or some other specified figure. Such businesses normally have 'Limited' or 'Ltd' as part of their name. By contrast, unlimited liability allows creditors to have a claim on other assets belonging to...
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condition under which the loss that an owner (shareholder) of a business firm may incur is limited to the amount of capital invested by him in the ... [3 related articles]
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http://www.britannica.com/eb/a-z/l/51
Limitation of loss to what has already been invested.
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http://www.duke.edu/~charvey/Classes/wpg/bfglosl.htm
Limitation of possible loss to what has already been invested.
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http://www.encyclo.co.uk/local/20047
The restriction of a shareholders' loss to the amount of capital they have invested in a company.
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http://www.encyclo.co.uk/local/20140
Shareholders in a limited company are only liable to third parties to the limit of their shareholding. Other participants e.g. directors would not normally have any personal liability except with respect to creditors where there has been wrongful or fraudulent trading or when personal guarantees or other such undertakings have been given by directo...
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http://www.encyclo.co.uk/local/20456
The liability of shareholders in a limited liability company, private or public, is limited to the face value of the shares held. If therefore, the shares are fully paid, the shareholder has no liability for the debts of the company. If the shares are partly paid, the liability is limited to the unpaid (face) value of the shares.
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Usually refers to limited companies where the owners' liability to pay the debts of the company is limited to the value of their shares or the amount of their guarantee (guarantee company). But it can also apply to contracts where a valid limitation clause has been included in the terms - not all limitation clauses are valid.
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Owners of a company have their liability for the company`s debts limited. Their liability is limited to the paid-up value of the shares they own i.e. it is limited to the amount they agreed to pay for the shares when they purchased them.
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http://www.encyclo.co.uk/local/20636
Legal safeguard that allows shareholders to be liable for their company's debts only up to and including the value of their shareholding. For example, if a limited liability company goes bankrupt...
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Limited Liability is the limit up to which a person can be held responsible for any of his actions, non-actions or commitments and the consequential losses occurred to any person or entity. A typical example is the joint stock companies in which a shareholder is liable only to the extend of his unpaid shares in the event of bankruptcy of the compan...
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http://www.encyclo.co.uk/local/21213
The legal protection given stockholders whereby they are responsible for the debts and obligations o
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http://www.encyclo.co.uk/local/22398
Limitation of loss to what has already been invested.
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http://www.encyclo.co.uk/local/22402
Limitation of shareholders' losses to the amount invested.
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http://www.encyclo.co.uk/local/22405
In law, the owners and/or shareholders of a limited company only lose the amount they have invested if the company gets into debt
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http://www.encyclo.co.uk/local/22643
The principle that the liability of shareholders for debts of a corporation or limited company is... <a target=_blank href='http://www.finance-glossary.com/terms/limited-liability.htm?id=857&ginPtrCode=00000&PopupMode=false' title='Read full definition of limited liability'>more</a>
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Limitation of shareholders' losses to the amount invested.
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A feature of corporations and LLCs where the business owners are legally responsible for paying business debts, claims, and judgments only to the extent of the capital they invested in the business. This means that if the business folds, creditors cannot seize or sell the business owner's home, car, or other personal assets.
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http://www.nolo.com/dictionary/limited-liability-term.html
usually refers to limited companies where the owners' liability to pay the debts of the company is limited to the value of their shares. It can also apply to contracts where a valid limitation clause has been included in the terms.
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https://www.encyclo.co.uk/local/20914
noun the liability of a firm`s owners for no more than the capital they have invested in the firm
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https://www.encyclo.co.uk/local/20974
Legal safeguard that allows shareholders to be liable for their company's debts only up to and including the value of their shareholding. For example, if a limited liability company goes bankrupt with debts of £1 million, the shareholders are not liable for any of that debt, although the value of their shares in the company would be worthl...
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https://www.encyclo.co.uk/local/21221
Limited liability protects an owner, so he or she can?t lose more money than he invested in an investment. In other words, it refers to the amount of risk an investor takes when he invests in a company. Depending on the way a company is organized, the owners can actually lose more than their investment if the company goes bankrupt.
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https://www.myaccountingcourse.com/accounting-dictionary/accounting-diction
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