unlimited company
noun[C]
LAW,FINANCEukusacompanywhoseshareholderswill have to usetheirmoneyorpropertytopaythe company'sdebtsif itfailsfinancially:
Solongas thecompanyissolvent, theshareholdersof anunlimitedcompanyneed have nodealingswithitscreditors.
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limited company