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Meaning of "unlimited liability" in the English dictionary

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DICTIONARY
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PRONUNCIATION OF UNLIMITED LIABILITY

unlimited liability  [ʌnˈlɪmɪtɪd ˌlaɪəˈbɪlɪtɪ] play
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GRAMMATICAL CATEGORY OF UNLIMITED LIABILITY

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Unlimited liability is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES UNLIMITED LIABILITY MEAN IN ENGLISH?

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. If a company with limited liability is sued, then the plaintiffs are suing the company, not its owners or investors. A shareholder in a limited company is not personally liable for any of the debts of the company, other than for the value of their investment in that company. This usually takes the form of that person's dividends in the company being zero, since the company has no profits to allocate. The same is true for the members of a limited liability partnership and the limited partners in a limited partnership. By contrast, sole proprietors and partners in general partnerships are each liable for all the debts of the business. Although a shareholder's liability for the company's actions is limited, the shareholders may still be liable for their own acts. For example, the directors of small companies are often required to give personal guarantees of the company's debts to those lending to the company.

Definition of unlimited liability in the English dictionary

The definition of unlimited liability in the dictionary is liability that is not restricted to any unpaid portion of nominal capital invested in a business.

WORDS THAT RHYME WITH UNLIMITED LIABILITY


ability
əˈbɪlɪtɪ
accessibility
əkˌsɛsɪˈbɪlɪtɪ
accountability
əˌkaʊntəˈbɪlɪtɪ
availability
əˌveɪləˈbɪlɪtɪ
capability
ˌkeɪpəˈbɪlɪtɪ
compatibility
kəmˌpætɪˈbɪlɪtɪ
disability
ˌdɪsəˈbɪlɪtɪ
durability
ˌdjʊərəˈbɪlɪtɪ
eligibility
ˌɛlɪdʒɪˈbɪlɪtɪ
flexibility
ˌflɛksɪˈbɪlɪtɪ
inability
ˌɪnəˈbɪlɪtɪ
liability
ˌlaɪəˈbɪlɪtɪ
mobility
məʊˈbɪlɪtɪ
nobility
nəʊˈbɪlɪtɪ
possibility
ˌpɒsɪˈbɪlɪtɪ
probability
ˌprɒbəˈbɪlɪtɪ
reliability
rɪˌlaɪəˈbɪlɪtɪ
responsibility
rɪˌspɒnsəˈbɪlɪtɪ
stability
stəˈbɪlɪtɪ
visibility
ˌvɪzɪˈbɪlɪtɪ

WORDS THAT BEGIN LIKE UNLIMITED LIABILITY

unlike
unlikeable
unliked
unlikelihood
unlikeliness
unlikely
unlikeness
unlimber
unlime
unlimited
unlimitedly
unlimitedness
unline
unlineal
unlined
unlink
unliquefied
unliquidated
unliquored
unlisted

WORDS THAT END LIKE UNLIMITED LIABILITY

agility
credibility
facility
feasibility
fertility
functionality
hostility
humility
inevitability
instability
merchantability
profitability
suitability
susceptibility
sustainability
tranquility
usability
utility
variability
versatility
vulnerability

Synonyms and antonyms of unlimited liability in the English dictionary of synonyms

SYNONYMS

Translation of «unlimited liability» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF UNLIMITED LIABILITY

Find out the translation of unlimited liability to 25 languages with our English multilingual translator.
The translations of unlimited liability from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «unlimited liability» in English.

Translator English - Chinese

无限责任
1,325 millions of speakers

Translator English - Spanish

responsabilidad ilimitada
570 millions of speakers

English

unlimited liability
510 millions of speakers

Translator English - Hindi

असीमित दायित्व
380 millions of speakers
ar

Translator English - Arabic

مسؤولية غير محدودة
280 millions of speakers

Translator English - Russian

неограниченная ответственность
278 millions of speakers

Translator English - Portuguese

responsabilidade ilimitada
270 millions of speakers

Translator English - Bengali

সীমাহীন দায়িত্ব
260 millions of speakers

Translator English - French

responsabilité illimitée
220 millions of speakers

Translator English - Malay

Liabiliti tanpa had
190 millions of speakers

Translator English - German

unbeschränkter Haftung
180 millions of speakers

Translator English - Japanese

無限責任
130 millions of speakers

Translator English - Korean

무한 책임
85 millions of speakers

Translator English - Javanese

Tanggung jawab tanpa wates
85 millions of speakers
vi

Translator English - Vietnamese

trách nhiệm vô hạn
80 millions of speakers

Translator English - Tamil

வரம்பற்ற பொறுப்பு
75 millions of speakers

Translator English - Marathi

अमर्यादित उत्तरदायित्व
75 millions of speakers

Translator English - Turkish

Sınırsız sorumluluk
70 millions of speakers

Translator English - Italian

responsabilità illimitata
65 millions of speakers

Translator English - Polish

nieograniczona odpowiedzialność
50 millions of speakers

Translator English - Ukrainian

необмежена відповідальність
40 millions of speakers

Translator English - Romanian

răspundere nelimitată
30 millions of speakers
el

Translator English - Greek

απεριόριστη ευθύνη
15 millions of speakers
af

Translator English - Afrikaans

onbeperkte aanspreeklikheid
14 millions of speakers
sv

Translator English - Swedish

obegränsat ansvar
10 millions of speakers
no

Translator English - Norwegian

ubegrenset ansvar
5 millions of speakers

Trends of use of unlimited liability

TRENDS

TENDENCIES OF USE OF THE TERM «UNLIMITED LIABILITY»

The term «unlimited liability» is regularly used and occupies the 83.943 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
61
/100
The map shown above gives the frequency of use of the term «unlimited liability» in the different countries.
Principal search tendencies and common uses of unlimited liability
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «unlimited liability».

FREQUENCY OF USE OF THE TERM «UNLIMITED LIABILITY» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «unlimited liability» during the past 500 years. Its implementation is based on analysing how often the term «unlimited liability» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about unlimited liability

EXAMPLES

10 ENGLISH BOOKS RELATING TO «UNLIMITED LIABILITY»

Discover the use of unlimited liability in the following bibliographical selection. Books relating to unlimited liability and brief extracts from same to provide context of its use in English literature.
1
Corporations Law in Australia
8.3.3 Unlimited liability company A public or a proprietary company can be registered as an unlimited liability company. This type of corporation dates back to the early English company statutes which permitted incorporation by registration, but ...
Roman Tomasic, Stephen Bottomley, Rob McQueen, 2002
2
Banks and Banking, under limited and unlimited liability, etc
Henry AYRES. abandons it altogether, only two-thirds can be supplied, and that by permission ofthe Government, and then only upon the application of a Bank whose headquarters are in London, and whose issues are governed by laws ...
Henry AYRES, 1863
3
Liability and Environment: Private and Public Law Aspects of ...
externalities), and liability's deterrent effects are far from certain,—' there is no reason to believe that imposing unlimited liability will bring us any closer to the social optimum.—' Limited liability, as discussed above, can be grounded in a ...
Lucas Bergkamp, 2001
4
The Future of Business: The Essentials
Each partner can act on behalf of the firm and has unlimited liability for all its business obligations. limited partnership A partnership with one or more general partners who have unlimited liability, and one or more limited partners whose ...
Lawrence Gitman, Carl McDaniel, 2007
5
Hungarian Business Law
A limited partnership is a partnership in which there are two different kinds of partners: one or more partners with limited liabilities and at least one partner with unlimited liability; if more than one partner has unlimited liability their liability is joint ...
Klára Oppenheim, Jenny Power, 1998
6
U.S. Regulation of Hedge Funds
The general partner also has unlimited liability for any of the limited partnership's debts and obligations that the limited partnership cannot satisfy. The general partner typically owes to the hedge fund's limited partners a fiduciary duty" and ...
‎2005
7
Taiwan Company Laws and Regulations Handbook
Article 114 An unlimited company with limited liability shareholders shall be organized by shareholders of unlimited liability and shareholders limited liability. Shareholders of unlimited liability shall bearjoint unlimited liability for obligations of ...
Usa Ibp Usa, 2009
8
A Practical Guide to Software Licensing for Licensees and ...
... exclusive remedy" of the licensee. If not, the licensor has potentially unlimited liability. Licensees should refuse to accept any limit on the licensor's liability for the licensor's intentional breach and should specifically state so in the agreement .
H. Ward Classen, 2007
9
Civil Liability for Marine Oil Pollution Damage: A ...
the problems posed by financial caps can be remedied through the use of unlimited liability needs further analysis. In theory when the injurer is exposed to full liability (as is the case under unlimited liability) and hence required to pay full  ...
Hui Wang, 2011
10
Company Law and Secretarial Practice
(2) Unlimited Liability Companies: A company with unlimited liability is one wherein the liability of the members is not limited. The members of such a company are personally liable for the debts of the company. In other words, the liability of the ...
Dr. Ashok Sharma

10 NEWS ITEMS WHICH INCLUDE THE TERM «UNLIMITED LIABILITY»

Find out what the national and international press are talking about and how the term unlimited liability is used in the context of the following news items.
1
Not posting FLSA notices means unlimited liability
Upshot: An employer that normally would have been liable for three years' worth of willful FLSA violations may be on the hook for violations stretching back 11 ... «Business Management Daily, Jun 15»
2
Court: No FLSA poster equals unlimited liability
For want of a thumbtack, the Fair Labor Standards Act's (FLSA) statute of limitations didn't run. In a case involving a domestic worker's pay dispute but equally ... «Business Management Daily, Jun 15»
3
Unlimited liability pushes up costs and pushes out IFAs
A Dorset-based financial adviser who has sold her IFA firm and retired early has cited rising PI insurance costs and the spectre of unlimited liability as something ... «FT Adviser, May 15»
4
Lufthansa may face unlimited liability in Germanwings crash
“The airline has unlimited liability unless it can prove it is free from fault,” said Steven ... Lufthansa could be liable for more than the approximately $150,000 the ... «MarketWatch, Mar 15»
5
Insurer's liability in third party motor accidents to be limited at Rs 15 …
Meanwhile, insurers have said that third-party motor insurance policies with an unlimited liability cover will soon be available in the market. Sanjay Datta, head ... «Business Standard, Feb 15»
6
India-US talks extends talks in London on nuclear liability clause
The Indian liability law holds the suppliers directly liable in case of a nuclear ... Another contentious clause in the liability law was unlimited liability for which ... «Firstpost, Jan 15»
7
Why would anyone want an unlimited liability company?
An unlimited liability company (“ULC”) is a common entity US businesses use as a Canadian subsidiary or to hold Canadian assets. This can seem strange. «Lexology, Nov 14»
8
Unlimited liability a dated family-ownership structure, lawyer says
Family-controlled banks Pictet and Lombard Odier have left behind a dated corporate structure by transitioning from an unlimited to a limited liability partnership, ... «Campden FB, Sep 14»
9
New tanker spill rules raise liability for companies
The federal government won't impose unlimited liability on oil tanker companies if an oil spill occurs off the Atlantic or west coasts, Transport Minister Lisa Raitt ... «CBC.ca, May 14»
10
Insurance Can't Protect Libertarian's Dream of Unlimited Liability
The argument for unlimited liability isn't just a libertarian evergreen; it's also something you occasionally hear from the far left, because it would basically make ... «Insurance Journal, Apr 14»

REFERENCE
« EDUCALINGO. Unlimited liability [online]. Available <https://educalingo.com/en/dic-en/unlimited-liability>. Apr 2024 ».
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