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.
On Monday, College Sports Commission LLC was registered as a limited liability company with the Delaware Secretary of State. Daniel Libit, Sportico.com, 15 Apr. 2025 Analysis The quirk in this case is that, unlike the vast majority of states, New York limited liability company law does not limit a creditor's remedy against a debtor's LLC interest to a charging order. Jay Adkisson, Forbes.com, 14 Apr. 2025 Forming a corporation brings several benefits, but the most important is limited liability. Ian Millhiser, Vox, 24 Mar. 2025 The website for the sneakers Trump has promoted are also from a limited liability company, 45Footwear LLC, that has a license agreement to use the Trump name. Jennifer Jacobs, CBS News, 10 Jan. 2025 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

Cite this Entry

“Limited liability.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability. Accessed 28 Apr. 2025.

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