Limited company

Limited company
Limited Lim"it*ed (l[i^]m"[i^]t*[e^]d), a. Confined within limits; narrow; circumscribed; restricted; as, our views of nature are very limited. [1913 Webster]

{Limited company}, a company in which the liability of each shareholder is limited by the number of shares he has taken, so that he can not be called on to contribute beyond the amount of his shares. [Eng.] --Mozley & W. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

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  • limited company — A company in which the liability of the members in respect of the company s debts is limited. It may be limited by shares, in which case the liability of the members on a winding up is limited to the amount (if any) unpaid on their shares. This… …   Accounting dictionary

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  • Limited Company - LC — A form of incorporation that limits the amount of liability undertaken by the company s shareholders. The naming convention for this type of corporate structure is commonly used in the United Kingdom. It is commonly known as a limited liability… …   Investment dictionary

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