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
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The limited liability company formed by developer Hal Kern III and his H.M. Kern Corp. to build the apartments dissolved in January 2022, three months after its creation, a Charlotte Observer search of public records found. Joe Marusak, Charlotte Observer, 3 Mar. 2025 But then in the late 1970s, out of the state of Wyoming this new vehicle appeared: limited liability companies, LLCs. Tax Notes Staff, Forbes, 25 Feb. 2025 This includes corporations, limited liability companies, and similar entities created or registered to do business in the United States. Matthew F. Erskine, Forbes, 19 Feb. 2025 Wilken granted preliminary approval on Oct. 7, 2024. SEC and Big Ten athletic directors are likely to hear an update from their colleagues who are working on setting up a limited liability company (LLC) to provide enforcement and oversight. The Athletic College Football, The Athletic, 17 Feb. 2025 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

Cite this Entry

“Limited liability.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/limited%20liability. Accessed 12 Mar. 2025.

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