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Limited company. A business structure used in Europe and Canada, in which Shareholder responsibility for company Debt is limited, usually to the amount he/she has invested in the company. In some cases, the Liability of shareholders is limited to specific pre-determined amounts (which are stated in a memorandum). Abbreviated Ltd or plc.

Related Terms: 9 Debt, Euro, ECI, EU, Liability, Ltd, Shareholder, Share, Term
Other Related Pages: Category: Law_and_Estate_Planning Starting With: L
Semi Related Terms: 478 CLICK HERE TO VIEW
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