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limited-liability
English
Meaning
limited-liability
meaning
What does
limited-liability
mean?
limited-liability
adjective
—
(
legal
)
Of
a
business
entity
,
having
liability
for
legal
claims
that
is
limited
to
the
assets
of
the
entity
itself
,
and
which
therefore
does
not
reach
the
assets
of
the
individual
owners/investors
of
the
company
.
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