What is another word for limited liability?

Pronunciation: [lˈɪmɪtɪd lˌa͡ɪəbˈɪlɪti] (IPA)

Limited liability is a legal concept that limits the financial liability of the owners or shareholders of a company. This concept is crucial for business owners, investors, and entrepreneurs who may not want to risk personal assets on business debts or legal judgments. Synonyms for limited liability include restrictive accountability, bounded liability, confined responsibility, controlled obligation, restrained answerability, and limited exposure. These terms describe the idea that a company's owners or shareholders are only responsible for repaying debts up to the amount of their investment, and not for debts that exceed that amount. In general, limited liability provides protection for individuals or entities involved in business ventures while allowing for profitable investment opportunities.

Synonyms for Limited liability:

What are the hypernyms for Limited liability?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.
  • Other hypernyms:

    legal concept, corporate structure, Creditor protection, business concept, financial concept.

What are the hyponyms for Limited liability?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

Famous quotes with Limited liability

  • A second justification for corporate taxation is that the corporation receives a number of special privileges from society, the most important of which is limited liability of the stockholders. The corporation tax can be viewed as a user fee for this benefit.
    Harvey S. Rosen

Related words: what is an llc, what is an llc called, what is llc stand for, what is an llcc, llc definition, llcc definition, what is an llc called in texas, what does llc stand for

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