limited liability company
nounDefinitions
A type or form of for-profit incorporated company where ownership is divided into shares,…
A type or form of for-profit incorporated company where ownership is divided into shares, and where the governing rules are set forth in a contract entered into by all of the initial shareholders. The name derives from the fact that regardless of potential losses or even bankruptcy of the corporation, individual shareholders will bear a maximum liability of the price they paid for their shares.
- Near-synonyms: Ltd, Ltd.
The neighborhood
Vish — recursive loop
No curated loop yet for limited liability company. Loops are being traced one word at a time while the ingestion pipeline matures.
sense glosses and etymology drawn from English Wiktionary · source · CC-BY-SA