Longman Dictionary of Contemporary English
The Collaborative International Dictionary
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.
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.
WordNet
n. a company that is organized to give its owners limited liability [syn: Ltd., Ld.]
Wikipedia
In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by shares or by guarantee. The former may be further divided into public companies and private companies. Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company.
Limited companies can be found in most countries, although the detailed rules governing them vary widely. It is also common for a distinction to be made between the publicly tradable companies of the plc type (for example, the German Aktiengesellschaft (AG), British PLC, Czech a.s., Italian S.p.A. and the Spanish, French, Polish and Romanian S.A.), and the "private" types of company (such as the German GmbH, British Ltd, Polish sp. z o.o., the Czech s.r.o., the Italian s.r.l. and Slovak s.r.o.)
Usage examples of "limited company".
My son was long gone, my wife was gone, and I was even more grumpy alone man hi limited company.
My son was long gone, my wife was gone, and I was even more grumpy alone than in limited company.
Corporate instruments are strong magic, according to Daddy, and this one is exotic by any standards: a limited company established in Yemen, contorted by the intersection between shari'a and the global legislatosaurus.
The bank manager said I would need to call on him in the morning, but Saxony Franklin, as a limited company, could go straight on functioning.