limited

views updated Jun 08 2018

lim·it·ed / ˈlimitid/ • adj. restricted in size, amount, or extent; few, small, or short: a limited number of places are available special offers available for a limited period the legislation has had a limited effect. ∎  (of a monarchy or government) exercised under limitations of power prescribed by a constitution. ∎  (of a person) not great in ability or talents: I think he is a very limited man. ∎  (of a train or other vehicle of public transportation) making few intermediate stops; express. ∎  (Limited) Brit. denoting a company whose owners are legally responsible for its debts only to the extent of the amount of capital they invested (used after a company name): Times Newspapers Limited.DERIVATIVES: lim·it·ed·ness n.

Limited

views updated May 11 2018

LIMITED

Restricted in duration, extent, or scope; confined.

Limited liability is the rule that the owners or shareholders of a corporation cannot usually be sued as individuals for corporate actions unless they are involved in fraud or criminal conduct.

Limited is also a designation following the name of a corporation that indicates its corporate and limited liability status; it is abbreviated Ltd. It is found most commonly after British and Canadian corporate names, although it is sometimes used in the United States.

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