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.
Forming a corporation brings several benefits, but the most important is limited liability. Ian Millhiser, Vox, 24 Mar. 2025 The website for the sneakers Trump has promoted are also from a limited liability company, 45Footwear LLC, that has a license agreement to use the Trump name. Jennifer Jacobs, CBS News, 10 Jan. 2025 Five months later — with the lawsuit still pending — the building sold at the county tax foreclosure auction to Hammoud and Nagi and their limited liability corporation, Grand Detroit Mall. Jc Reindl, Detroit Free Press, 4 Dec. 2024 Imagine setting up a limited liability company (LLC) to safeguard your legacy, only to later discover new disclosure requirements, leading to fines, legal challenges or even frozen accounts. Blake Harris, Forbes, 25 Mar. 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 16 Apr. 2025.

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