limited company

Definitions

Accounting

  • noun a company in which each shareholder is responsible for the company’s debts only to the amount that he or she has invested in the company. Limited companies must be formed by at least two directors.

Economics

  • noun a company in which a shareholder is responsible for the company’s debts only to the face value of the shares he or she owns, or to the amount unpaid (if any) on those shares.
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