Financial Definition of Unlimited Liability
Meaning of Unlimited Liability
Full liability for the debt and other obligations of a legal entity. The general partners of a partnership have unlimited liability.
Related Entries of Unlimited Liability in the Encyclopedia of Law Project
Browse or run a search for Unlimited Liability in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Unlimited Liability in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Unlimited Liability in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Unlimited Liability in the Legal Abbreviations and Acronyms Dictionary.
Browse
You might be interested in these references tools:
| Resource | Description |
|---|---|
| Unlimited Liability in the Dictionary | Unlimited Liability in our legal dictionaries |
| Related topics | Browse topics from the World Wiki Encyclopedia of Law |
| Browse the Legal Thesaurus | Find synonyms and related words of Unlimited Liability |
| Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
| Legal Answers (Q&A) | A community-driven knowledge creation process, of enduring value to a broad audience |
| Related topics | Unlimited Liability in the World Encyclopedia of Law |
What is Unlimited Liability?
Vocabularies (Semantic Web Information)
| Resource | Description |
|---|---|
| Topic Map | A group of names, occurrences and associations |
| Topic Tree | A topic display format, showing the hierarchy |
| Sitemap Index | Sitemap Index, including Taxonomies |
| https://legaldictionary.lawin.org/unlimited-liability | The URI of Unlimited Liability (more about URIs) |
Unlimited Liability Definition (in the Accounting Vocabulary)
The New York State Society of Certified Public Accountants offers the following definition of Unlimited Liability in a way that is easy for anybody to understand: The responsibility of all the partners in a COMPANY for its DEBT.
What is the meaning of Unlimited Liability?
A definition of Unlimited Liability is provided here: The responsibility of a business ™s owners for all of the debts of the business, making the personal assets of the owners vulnerable to claims against the business; sole proprietors and general partners have unlimited liability.
Leave a Reply