limited company
noun British.
a company in which the shareholders cannot be assessed for debts of the company beyond the sum they still have invested in the company.
Also called
lim·it·ed-li·a·bil·i·ty com·pany
[lim-i-tid-lahy-uh-bil-i-tee] /ˈlɪm ɪ tɪdˌlaɪ əˈbɪl ɪ ti/.
Origin of limited company
First recorded in 1850–55
Words nearby limited company
limitarian,
limitary,
limitation,
limitative,
limited,
limited company,
limited edition,
limited liability,
limited monarchy,
limited partner,
limited partnership
British Dictionary definitions for limited company
limited company
noun
British
a company whose owners enjoy limited liability for the company's debts and losses