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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.
limitedadjective 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
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