The maximum that an owner (or partial owner, such as a stockholder or partner) of a business can be required to lose in the event that the business fails or acquires financial obligations greater than its value. Some forms of business organization, such as a corporation or a limited partnership, set that maximum at the amount that the owner has contributed to the business.
Browse by Subjects
See All Related Terms »
conditions of sale
capital appreciation fund
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):