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Financial Terms | |
Limited liability |
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Definition of Limited liabilityLimited liabilityLimitation of possible loss to what has already been invested. limited liabilityThe owners of the corporation are not personally responsible for its obligations.
Related Terms:limited liability companyan organizational form that is a hybrid of the corporate and partnership organizational Limited-liability instrumentA security, such as a call option, in which the owner can only lose his initial Limited-liability instrumentA security, such as a call option, in which the owner can only lose his initial investment. limited liability partnershipan organizational form that is a hybrid of the corporate and partnership organizational Unlimited liabilityFull liability for the debt and other obligations of a legal entity. The general partners of a General partnerA partner who has unlimited liability for the obligations of the partnership. ![]() Limited partnershipA partnership that includes one or more partners who have limited liability. Limited partnershipA partnership that includes one or more partners who have limited liability. PartnershipShared ownership among two or more individuals, some of whom may, but do not necessarily, PartnershipA form of business organization in which owners have unlimited personal Sole proprietorshipA business owned by a single individual. The sole proprietorship pays no corporate Asset/liability managementAlso called surplus management, the task of managing funds of a financial Contingent LiabilityAn obligation that is dependent on the occurrence or nonoccurrence of Contingent pension liabilityUnder ERISA, the firm is liable to the plan participants for up to 39% of the net Cost of limited partner capitalThe discount rate that equates the after-tax inflows with outflows for capital ![]() Current liabilityThis is typically the accounts payable, short-term notes payable, and Deferred Tax LiabilityFuture tax obligation that results from the origination of a temporary LiabilityA financial obligation, or the cash outlay that must be made at a specific time to satisfy the LiabilityA dollar amount of obligation payable to another entity. LiabilityA probable future sacrifice of economic benefits arising from present obligations of Liability funding strategiesInvestment strategies that select assets so that cash flows will equal or exceed Liability swapAn interest rate swap used to alter the cash flow characteristics of an institution's liabilities so Limited partnerA partner who has limited legal liability for the obligations of the partnership. Limited-tax general obligation bondA general obligation bond that is limited as to revenue sources. Master limited partnership (MLP)A publicly traded limited partnership. Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |