|
|
Limited liability |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Limited liabilityThe principle that the liability of shareholders for debts of a corporation or limited company is limited to the nominal value of their shares. In other words, their personal assets are not at risk if the company becomes insolvent and is liquidated.Limited liabilityLimitation of loss to what has already been invested.Limited liability Similar MatchesJoint liabilityJoint liabilityThe legal liability of two or more people for claims against or debts incurred by them jointly. If three people have joint liability and are indebted to another party, they may only be sued as a group and not individually. Limited liability instrumentLimited liability instrumentA security, such as a call option, in which the owner can lose only the initial investment. Umbrella personal liability policyUmbrella personal liability policyA liability insurance policy that provides protection against damages not covered by standard liability policies, such as large jury awards in lawsuits. Lender liability lawsuitsLender liability lawsuitsLegal action of debtor against creditors that alleges unfair enforcement of loan covenants or violation of implied terms of a loan agreement. Tax liabilityTax liabilityThe amount in taxes a taxpayer to the government. Further SuggestionsJoint liabilityumbrella personal liability insurance Liability insurance Contingent pension liability liability insurance Contractual liability joint and several liability Liability Noncurrent liability Unlimited liability Funded Liability |
|
|
|