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词汇 limited-liability
释义 limited liability
noun[ U ]
 business , law specializeduk /ˌlɪm.ɪ.tɪd laɪ.əˈbɪl.ə.ti/ us /ˌlɪm.ɪ.t̬ɪd ˌlaɪ.əˈbɪl.ə.t̬i/
a situation in which the owners or other shareholders of a company (= people who own shares in it) are not responsible for all of its debts if the company fails: 有限责任制
Under limited liability, shareholders can buy and sell shares without the approval of other owners.在有限责任制下,股东可以在未经其他所有者批准的情况下买卖股份。
It is the nature of limited liability businesses to create conflicts of interest.
The law gives the nuclear industry and its suppliers only limited liability in case of a major nuclear catastrophe.
Law and accounting firms began promoting the limited liability loophole several years ago as a way to avoid paying corporate income tax.
If there is no limited liability, individual owners of the firm care a lot who the other owners are.
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Duty, obligation and responsibility

limited liability | Business English


limited liability
noun[ U ]
 LAWukus
a situation in which the owners or other shareholders of a company are not responsible for all of its debts if the company fails:
The bank can rely on limited liability to protect employees and shareholders from lawsuits.

Compare


unlimited liability

Examples of limited liability


limited liability
The business became a limitedliability company in 1999.
From
Wikipedia

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This concept of limitedliability largely accounts for the success of this form of business organization.
From
Wikipedia

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A limitedliability company was established as owner.
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The company was one of the first to take advantage of the new limitedliability financial structures.
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A nucleus of these companies (those listed above) established a limitedliability corporation.
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The company itself was first registered as a limitedliability company in 1919.
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The partnership expanded to encompass their sons and in 1889 it was restructured as a limitedliability company.
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The company acquired limitedliability some years later.
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The firm converted to a limitedliability partnership in 2008.
From
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It had become a public limitedliability company in 1890.
From
Wikipedia

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These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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