ˌlimited liaˈbility BrE AmE noun [uncountable]
technical the legal position of being responsible for paying only a limited amount of debt if something bad happens to yourself or your company
ˌlimited liaˈbility BrE AmE noun [uncountable]
technical the legal position of being responsible for paying only a limited amount of debt if something bad happens to yourself or your company
Longman Dictionary of Contemporary English. Longman - Словарь современного английского языка. 2012