limited liability

noun

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

Example Sentences

Recent Examples on the Web The coach started receiving his paychecks through his limited liability company in May after previously getting paid directly, but LSU kept up the direct payments in May and June, resulting in two checks. Nicholas Reimann, Forbes, 25 Jan. 2023 The limited liability company was created by the building’s former landlord, Cisterra Development. San Diego Union-Tribune, 25 Jan. 2023 Since 2009, the home has been owned by a limited liability company out of Colorado named 1122 King LLC, according to deeds filed through the Latah County Assessor’s Office. oregonlive, 30 Dec. 2022 The current owner is listed as a limited liability company — Sheridan Propco LLC — with few other details available. Jc Reindl, Detroit Free Press, 27 Dec. 2022 The group, a limited liability company that is not required to disclose its donors, has spent $15 million on multiple ads targeting Abbott and other Republicans, including Lt. Gov. Dan Patrick and Attorney General Ken Paxton. Dallas News, 20 Oct. 2022 Many of the debt buyers are limited liability companies that are not regulated in the way that big banks are. Michael Hill, USA TODAY, 21 Nov. 2022 The new owner bought the house, which was most recently listed at $55 million, through the limited liability company Aston Fifth. Vivian Marino, New York Times, 30 Sep. 2022 Many of the debt buyers are limited liability companies that are not regulated in the way that big banks are. Michael Hill, USA TODAY, 21 Nov. 2022 See More

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.

Word History

First Known Use

1848, in the meaning defined above

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

Dictionary Entries Near limited liability

Cite this Entry

“Limited liability.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability. Accessed 9 Feb. 2023.

More from Merriam-Webster on limited liability

Last Updated: - Updated example sentences
Love words? Need even more definitions?

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


Commonly Confused Words Quiz

  • vector image of a face with thought expression
  • I went to the ______ store to buy a birthday card.
Name That Thing

You know what it looks like… but what is it called?

TAKE THE QUIZ
Solve today's spelling word game by finding as many words as you can with using just 7 letters. Longer words score more points.

Can you make 12 words with 7 letters?

PLAY