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limited liability

Noun CEFR B2

Definitions

The liability of an owner or a partner of a company for no more capital than they have invested.

countable, uncountable

Equivalents

1 more languages

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See all B2 English words →

See also

limited liability company limited monarchy limited overs cricket limited partnership limited-access highway limited-slip differential

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