What is another word for limited liability?
Pronunciation: [lˈɪmɪtɪd lˌa͡ɪəbˈɪlɪti] (IPA) 
Limited liability is a legal concept that limits the financial liability of the owners or shareholders of a company. This concept is crucial for business owners, investors, and entrepreneurs who may not want to risk personal assets on business debts or legal judgments. Synonyms for limited liability include restrictive accountability, bounded liability, confined responsibility, controlled obligation, restrained answerability, and limited exposure. These terms describe the idea that a company's owners or shareholders are only responsible for repaying debts up to the amount of their investment, and not for debts that exceed that amount. In general, limited liability provides protection for individuals or entities involved in business ventures while allowing for profitable investment opportunities.
