What is another word for UNLIMITED LIABILITY?
Pronunciation: [ʌnlˈɪmɪtɪd lˌa͡ɪəbˈɪlɪti] (IPA) 
Unlimited liability is a term used in business law, which refers to a legal obligation where a business owner's personal assets are at risk if their business is unable to meet its financial obligations. There are several synonyms that can be used to describe this type of liability, including unrestricted liability, absolute liability, and unbounded liability. Other synonyms for unlimited liability are unlimited financial responsibility, unrestricted financial risk, and complete financial accountability. It is important for businesses to understand the meaning and implications of unlimited liability as it can have significant consequences for the owner's personal financial situation. Therefore, it is crucial to obtain professional advice before entering into business agreements that may expose them to unlimited liability.
