Meaning of “unlimited company” in the English Dictionary

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"unlimited company" in Business English

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unlimited companynoun [ C ]

uk us 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.

(Definition of “unlimited company” from the Cambridge Business English Dictionary © Cambridge University Press)