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4 definitions found

From: DICT.TW English-Chinese Dictionary 英漢字典

 limited company

From: Webster's Revised Unabridged Dictionary (1913)

 Li·a·bil·i·ty n.; pl. Liabilities
 1. The state of being liable; as, the liability of an insurer; liability to accidents; liability to the law.
 2. That which one is under obligation to pay, or for which one is liable. Specifically, in the pl., the sum of one's pecuniary obligations; -- opposed to assets.
 Limited liability. See Limited company, under Limited.

From: Webster's Revised Unabridged Dictionary (1913)

 Lim·it·ed a. Confined within limits; narrow; circumscribed; restricted; as, our views of nature are very limited.
 Limited company, a company in which the liability of each shareholder is limited by the number of shares he has taken, so that he can not be called on to contribute beyond the amount of his shares. [Eng.] --Mozley & W.

From: WordNet (r) 2.0

 limited company
      n : a company that is organized to give its owners limited
          liability [syn: Ltd., Ld.]