Define: Limited Liability

UK Accounting Glossary

Definition: Limited Liability


Quick Summary of Limited Liability


A phrase used to indicate that those having liability in respect of some amount due may be able to invoke some agreed limit on that liability.



What is the dictionary definition of Limited Liability?

Dictionary Definition



Full Definition of Limited Liability




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Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/limited-liability/
Modern Language Association (MLA):
Limited Liability. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. July 16, 2019 https://payrollheaven.com/define/limited-liability/.
Chicago Manual of Style (CMS):
Limited Liability. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/limited-liability/ (accessed: July 16, 2019).
American Psychological Association (APA):
Limited Liability. PayrollHeaven.com. Retrieved July 16, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/limited-liability/

Definition Sources


Definitions for Limited Liability are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd December 2018.