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.
The properties were purchased in limited liability companies. Kenneth R. Gosselin, Hartford Courant, 21 July 2025 Filed in Wayne County Circuit Court, the lawsuit names Eric Vander Ley and Daniel Vander Ley, both of Detroit, along with 17 limited liability companies that the attorney general says were created to mimic existing Ferndale businesses. Nour Rahal, Freep.com, 9 July 2025 However, with a limited liability company (LLC) prevalent in the U.S., owners are responsible for its debts. Peter Boolkah, Forbes.com, 8 July 2025 The 156-acre mountaintop property sold for $1.1 million in 2019, according to Realtor.com -- purportedly to a limited liability company with ties to Maxwell. Michael Ruiz, FOXNews.com, 14 July 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 5 Aug. 2025.

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