C1
a legal term referring to the limitation of financial responsibility to a certain amount, typically the amount invested in a company.
Meanings
a legal term referring to the limitation of financial responsibility to a certain amount, typically the amount invested in a company.
The shareholders of the company have restricted liability, meaning they are not personally responsible for the company's debts.
Synonyms
Antonyms
Last updated: 2025/01/11 11:51