limited liability

noun

Definition of limited liability

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

Examples of limited liability in a Sentence

Recent Examples on the Web The Pandora Papers documents, obtained by the ICIJ and shared with The Post, reveal bank accounts, trusts, limited liability companies and foundations established by wealthy clients in the United States and abroad. Washington Post, 4 Oct. 2021 Delaware allows divisive mergers, but only for limited liability companies. Natalie Walters, Dallas News, 17 Sep. 2021 Simpson’s holdings include Simpson Farms in Trilby and stakes in an asbestos removal company, an environmental safety company and the limited liability company Belly Wadding, which is tied to IHOP restaurants in Florida. Jim Turner, orlandosentinel.com, 3 Sep. 2021 The bill would require groups like 501(c)(4) and limited liability companies to disclose contributions meant to influence elections, and seeks to strengthen the ban on foreign money in Ohio elections. Laura Hancock, cleveland, 26 July 2021 The judge said in the absence of a valid operating agreement, the 1993 law governing the formation and operation of limited liability companies entitled Simpson to a 50% interest. David Showers, Arkansas Online, 26 July 2021 Loco Food, the limited liability company owned by Conlon and Lo, was approved for two Paycheck Protection Program loans in August and January totaling $901,227, according to the ProPublica database tracking the federal program. Louisa Chu, chicagotribune.com, 19 July 2021 The week after the alcohol wipes recall in January, David Haertle registered for a new limited liability company called Trivaria. Raquel Rutledge, Milwaukee Journal Sentinel, 29 Nov. 2010 The collective pays $16,000 a month in rent through a limited liability company, eking out a slender profit by subletting to 15 tenants, who have signed subleases as groups. New York Times, 24 Sep. 2021

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'limited liability.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

See More

First Known Use of limited liability

1848, in the meaning defined above

Keep scrolling for more

Learn More About limited liability

Time Traveler for limited liability

Time Traveler

The first known use of limited liability was in 1848

See more words from the same year

Dictionary Entries Near limited liability

limited fee simple

limited liability

limited liability partnership

See More Nearby Entries 

Statistics for limited liability

Last Updated

11 Oct 2021

Cite this Entry

“Limited liability.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability. Accessed 22 Oct. 2021.

Style: MLA
MLACheck Mark Icon ChicagoCheck Mark Icon APACheck Mark Icon Merriam-WebsterCheck Mark Icon
Seen & Heard
People are talking about

More from Merriam-Webster on limited liability

Britannica.com: Encyclopedia article about limited liability

WORD OF THE DAY

Test Your Vocabulary

Difficult Spelling Words Quiz

  • alphabet pasta spelling help
  • Which is the correct spelling?
How Strong Is Your Vocabulary?

Test your vocabulary with our 10-question quiz!

TAKE THE QUIZ
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!