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

British Dictionary definitions for limited company

limited company

noun

British a company whose owners enjoy limited liability for the company's debts and losses