double liability

noun

: the liability of the owner of stock (as of a bank) that is subject to assessment up to its face value although originally full-paid

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Dictionary Entries Near double liability

Cite this Entry

“Double liability.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/double%20liability. Accessed 7 Nov. 2024.

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