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limited liability

noun

: liability (as of a stockholder or shipowner) limited by statute or treaty

Example Sentences

Recent Examples on the Web As for the other two parcels, a limited liability company called 5025 Broadview Heights LLC bought one of them, measuring 2½ acres, on June 3 for $2.3 million. Bob Sandrick, cleveland, 30 Aug. 2022 Records show that the buyer is a limited liability company based in Las Vegas. Jack Flemming, Los Angeles Times, 27 Aug. 2022 The couple, who purchased the property through a limited liability company, did not respond to email and phone messages from reporters. Nicole Sadek, Washington Post, 15 Aug. 2022 Court documents show Doyle was operating under a limited liability company in his name. oregonlive, 11 Aug. 2022 The company was formed in 2021 as a limited liability company in Texas, and the Texas insurance commissioner also took action against Salvasen Health for selling policies without a license earlier this year. Frank Witsil, Detroit Free Press, 25 July 2022 The buyer is listed in property records as Nanyang Real Estate Holding, a limited liability company. Katherine Clarke, WSJ, 18 Aug. 2022 The race got heated when Kahele and Cayetano questioned income that Green received while lieutenant governor from a limited liability company called Green Health International LLC. Audrey Mcavoy, ajc, 14 Aug. 2022 The race got heated when Kahele and Cayetano questioned income that Green received while lieutenant governor from a limited liability company called Green Health International LLC. Audrey Mcavoy, USA TODAY, 14 Aug. 2022 See More

Word History

First Known Use

1848, in the meaning defined above

Time Traveler
The first known use of limited liability was in 1848

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