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.
In early 2023, the Turkey Leg Hut’s limited liability company filed for bankruptcy, with documents showing the restaurant would no longer occupy its original location. Jasmine Browley, Essence, 14 Jan. 2025 One proposal was for a deal between Eric Trump Wineries and a limited liability company that would use the Trump name under a license agreement, two of the people said. Jennifer Jacobs, CBS News, 10 Jan. 2025 These entities include nearly all business entities such as corporations, limited liability companies, limited partnerships and the like. Jay Adkisson, Forbes, 29 Dec. 2024 The measure's supporters said it was designed to address the country's growing popularity as a venue for criminals to launder illicit funds by setting up entities like limited liability companies under state laws without disclosing their involvement. Nate Raymond, USA TODAY, 27 Dec. 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

Dictionary Entries Near limited liability

Cite this Entry

“Limited liability.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability. Accessed 23 Jan. 2025.

More from Merriam-Webster on limited liability

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!