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.
Imagine setting up a limited liability company (LLC) to safeguard your legacy, only to later discover new disclosure requirements, leading to fines, legal challenges or even frozen accounts. Blake Harris, Forbes, 25 Mar. 2025 The buyers were Lawrence Rolnick and Kimberly Sorrentino, a married couple who own another house in the Mar-a-Lago security zone through a limited liability company. Darrell Hofheinz, USA TODAY, 20 Mar. 2025 The plane is a single-engine Piper that is registered to a limited liability corporation in Wilmington, Delaware, according to Federal Aviation Administration records. David Goodhue, Miami Herald, 12 Mar. 2025 Fannie Mae contended that limited liability company failed to maintain the building according to its loan agreement and accelerated the loan payments. Robert A. Cronkleton, Kansas City Star, 19 Mar. 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 3 Apr. 2025.

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