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.
In the case the trust held In pertinent part, the Trust’s assets include a ninety-percent interest in three Delaware limited liability companies. Martin Shenkman, Forbes.com, 14 May 2025 Instead, the non-profit arm would retain control of the company, while the limited liability company, which handles all of the business operations, would turn into a public benefit corporation. Arjun Kharpal, CNBC, 13 May 2025 For ease of analysis, this article will focus upon limited liability companies although the same analysis will usually apply to the various forms of partnerships. Jay Adkisson, Forbes.com, 27 Apr. 2025 On Monday, College Sports Commission LLC was registered as a limited liability company with the Delaware Secretary of State. Daniel Libit, Sportico.com, 15 Apr. 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 May. 2025.

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