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 It’s registered as a limited liability company, or LLC, with four partners: the California Governor’s Office of Business and Economic Development, the University of California system, the State Building and Construction Trades Council of California and the Renewables 100 Policy Institute. —

Russ Mitchell, Los Angeles Times, 17 July 2024 The home was purchased through a limited liability company, Decopin LLC, the name of Ohtani’s dog. —

Bruce Haring, Deadline, 12 July 2024 The ownership change, including some complicated corporations and limited liability companies, reflected his broader strategy of moving most of his business interests under Donald J. Trump Revocable Trust and appointing his son, Donald Trump Jr., as the trustee. —

Kinsey Crowley, USA TODAY, 1 July 2024 Now, city data shows, 25% of the properties around her are owned by entities outside Kansas City, with scores of limited liability companies among them. —

Eric Adler, Kansas City Star, 24 June 2024 See all Example Sentences for limited liability

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'limited liability.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1848, in the meaning defined above

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

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Cite this Entry

Style

“Limited liability.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability. Accessed 27 Jul. 2024.

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