limited liability

noun

: liability (as of a stockholder or shipowner) limited by statute or treaty

Examples of limited liability in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The 156-acre mountaintop property sold for $1.1 million in 2019, according to Realtor.com -- purportedly to a limited liability company with ties to Maxwell. Michael Ruiz, FOXNews.com, 14 July 2025 Musk ‘compound’ Musk purchased the home in 2022 through a limited liability company named after the street where the property is located. Karoline Leonard, Austin American Statesman, 11 July 2025 What other industries get a lift from the law One of most expensive businesses tax breaks often helps owners of small and medium businesses, including those who own or manage real estate such as The Trump Organization's several limited liability companies. Jim Sergent, USA Today, 11 July 2025 The company lists itself as a foreign limited liability company, headquartered in McLean, Virginia, on the Indiana Secretary of State’s website. Carole Carlson, Chicago Tribune, 10 July 2025 See All Example Sentences for limited liability

Word History

First Known Use

1848, in the meaning defined above

Time Traveler
The first known use of limited liability was in 1848

Cite this Entry

“Limited liability.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability. Accessed 21 Jul. 2025.

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