unlimited company - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “unlimited company”

unlimited company

noun [C]
 
 
LAW, FINANCE
a company whose shareholders will have to use their money or property to pay the company's debts if it fails financially: So long as the company is solvent, the shareholders of an unlimited company need have no dealings with its creditors. →  Compare limited company
(Definition of unlimited company from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of unlimited company?
Add Cambridge dictionaries to your browser to your website

Word of the Day

decider

a final game or competition that allows one person or team to win, or the winning point scored

Word of the Day

What’s All The Commotion About? (Words to describe sounds)

by Kate Woodford,
May 20, 2015
​​​ In this post we look at a range of words and phrases that we use to describe noise and the absence of noise. Starting with complete quiet, we sometimes use the noun hush to describe silence: A hush fell over the room as the bride walked in./There was a deathly hush (=complete

Read More 

ancestral health noun

May 25, 2015
diet based on the presumed diet of our Palaeolithic ancestors ‘Ancestral health,’ to use a term popular among Paleo followers, has gone mass.

Read More