Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “unlimited liability”

unlimited liability

noun [U]
 
 
LAW, FINANCE
a situation in which the shareholders of a company are responsible for all of its debts if the company fails financially: unlimited liability for sth Partners have unlimited liability for the firm's debts. →  Compare limited liability
(Definition of unlimited liability from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of unlimited liability?
Add Cambridge dictionaries to your browser to your website

Word of the Day

hyphen

the symbol -, used to join two words together, or to show that a word has been divided into two parts at the end of one line and the beginning of the next

Word of the Day

Lies, lies, lies!

by Kate Woodford,
February 25, 2015
​​​ According to sociologists (=people who study the relationships between people living in groups), we are good at lying. As a species, we have developed a remarkable ability to deceive each other (= persuade each other that something false is true). Being able to say things that are not true can help with

Read More 

snapchat verb

March 02, 2015
to send someone a message using the photomessaging application Snapchat We used to have a thing until he got a girlfriend. now

Read More