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2 definitions found
 for Limited company
From The Collaborative International Dictionary of English v.0.48 :

  Limited \Lim"it*ed\ (l[i^]m"[i^]t*[e^]d), a.
     Confined within limits; narrow; circumscribed; restricted;
     as, our views of nature are very limited.
     [1913 Webster]
     Limited company, a company in which the liability of each
        shareholder is limited by the number of shares he has
        taken, so that he can not be called on to contribute
        beyond the amount of his shares. [Eng.] --Mozley & W.
        [1913 Webster]

From WordNet (r) 3.0 (2006) :

  limited company
      n 1: a company that is organized to give its owners limited
           liability [syn: limited company, Ltd., Ld.]

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