limited liability
noun/ˌlɪmɪtɪd laɪəˈbɪləti/
/ˌlɪmɪtɪd laɪəˈbɪləti/
[uncountable] (law)- (in the UK) the legal position by which the shareholders of a company only have to pay its debts up to the value of their shares
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limited liability