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

These examples are automatically compiled from online sources to illustrate current usage. Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

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 Layers of limited liability companies, or LLCs, are also common. —

Alicia Adamczyk, Fortune, 8 Oct. 2024 The home’s tax bills are sent to the limited liability company, in care of Garvey’s mother-in-law, to an address in La Quinta, Calif., property records show. —

Laura J. Nelson, Los Angeles Times, 7 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

See more words from the same year

Dictionary Entries Near limited liability

limited fee simple

limited liability

limited liability partnership

See More Nearby Entries

Cite this Entry

Style

“Limited liability.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability. Accessed 14 Nov. 2024.

Copy Citation