limited company

variants: or limited-liability company

Definition of limited company

: a company in which the liability of each shareholder is limited to the par value of his stock or to an amount fixed by a guarantee

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First Known Use of limited company

1855, in the meaning defined above

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The first known use of limited company was in 1855

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Cite this Entry

“Limited company.” Dictionary, Merriam-Webster, Accessed 9 Aug. 2020.

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