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Definition of limited liability
Limited liability is where a person's financial liability is limited to a fixed sum, most commonly the value of a person's investment in a company or partnership.
Fanboy|Points 1421|
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Asked 5/7/2012 2:50:06 AM
Updated 10/25/2016 8:12:20 PM
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Edited by yumdrea [10/25/2016 8:12:18 PM]
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