Definition of nonassessable

: exempting the owner from further contributions to the capital or business of an issuing corporation and when fully paid for entailing no further liability on the part of the owner either to the corporation or its creditors nonassessable stock

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History and Etymology for nonassessable

non- entry 1 + assessable

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Cite this Entry

“Nonassessable.” Dictionary, Merriam-Webster, Accessed 10 Jul. 2020.

More from Merriam-Webster on nonassessable

Britannica English: Translation of nonassessable for Arabic Speakers

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