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limited company
A company in which the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company.
limited companies
plural of limited company
limited-liability
(law) Of a business entity, having liability for legal claims that is limited to the assets of the entity itself, and which therefore does not reach the assets of the individual owners/investors of the company.
limited liabilities
limited liability companies
public limited company
A publicly traded limited liability company in the United Kingdom and some other jurisdictions.
public limited companies
limited-access highway
limited liability company
(law) 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.
