limited

Restricted in duration, extent, or scope; confined.

Limited liability is the rule that the owners or shareholders of a corporation cannot usually be sued as individuals for corporate actions unless they are involved in Fraud or criminal conduct.

Limited is also a designation following the name of a corporation that indicates its corporate and limited liability status; it is abbreviated Ltd. It is found most commonly after British and Canadian corporate names, although it is sometimes used in the United States.

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limited adjective angustus, bounded, brevis, checked, circumscribed, circumscriptive, confined, constricted, controlled, cramped, curbed, definite, fixed, hampered, impeded, insular, narrow, parvus, prescribed, restrained, restricted, stinted
Associated concepts: limited agency, limited by law, limited guaranty, limited jurisdiction, limited partnership, limited waiver of immunity, limited warranty

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See also: arrested, brief, certain, conditional, dependent, imperfect, infrequent, local, minimal, narrow, parochial, part, partial, petty, private, privy, provisional, qualified, scarce, slight, specific, strict, temporary