Definition of "limited-liability" [limited-liability]

• Of a business entity, having liability for legal claims that is limited to the assets of the entity itself, and which therefore does not reach the assets of the individual owners/investors of the company. (adjective)

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• "Bill Yahn of Corcoran Group Palm Beach represented the buyer, who bought the home in a limited-liability company."
• "Photos: Private Properties Lance Gerber Mr. Thiel, 43, who co-founded PayPal and was an early Facebook investor, bought the 1.7-acre Makena property through a Delaware limited-liability company."
• "Mr. Thiel bought the 1.7-acre Makena property through a Delaware limited-liability company."