limited liability

noun

: liability (as of a stockholder or shipowner) limited by statute or treaty

Examples of limited liability in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The home last sold a year earlier, in October 2023, for $715,000 to a limited liability company. Genevieve Redsten, Journal Sentinel, 4 Nov. 2024 Public records, including loan filings and statements of authority, indicate that Baumgarten owns CBZ’s properties through limited liability companies that were initially registered to his New York address. Joe Rubino, The Denver Post, 3 Nov. 2024 Grace Ocean Private Limited and Synergy filed a limited liability claim in Maryland federal court in April, trying to stave off future demands from people and entities harmed by the bridge collapse. N'dea Yancey-Bragg, USA TODAY, 17 Sep. 2024 At this point, an assignment order may sound suspiciously like a charging order which similarly reassigns the distributions due to a debtor from a partnership or limited liability company to a creditor. Jay Adkisson, Forbes, 13 Oct. 2024 See all Example Sentences for limited liability 

Word History

First Known Use

1848, in the meaning defined above

Time Traveler
The first known use of limited liability was in 1848

Dictionary Entries Near limited liability

Cite this Entry

“Limited liability.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability. Accessed 22 Nov. 2024.

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