单词 | limited liability |
释义 | > as lemmaslimited liability limited liability n. Law liability that is limited by law; esp. the position or state of being legally responsible only to a limited extent (usually the amount of one's stock or shares) for the debts of a trading company in which one has invested. ΘΚΠ society > occupation and work > business affairs > a business or company > [noun] > limited liability limited liability1848 society > trade and finance > management of money > insolvency > indebtedness > [noun] > limited liability for debts limited liability1848 1848 J. S. Mill Princ. Polit. Econ. II. v. ix. §6 461 Associations with limited liability are of two kinds: in one, the liability of all partners is limited, in the other that of some of them only. 1897 Times 15 Feb. 9/3 This does not give her [sc. Greece] a right to assume that she can make war with limited liability. 1937 Virginia Law Rev. 23 365 In a particular case such relimiting of limited liability by the double corporate device is to be permitted. 2011 Independent 27 Oct. 19/1 Their upside payoffs remained unlimited, but their downside risks were now capped by limited liability. < as lemmas |
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