no liability

English - English

Definition of no liability in English English dictionary

Form of limited liability which may be used by mining companies. Abbreviated NL in company name. Differs from ordinary limited liability in the treatment of part paid shares; ordinarily a company can sue shareholders for the balance (when called to pay), in no liability the shareholders can surrender their shares instead of paying

Hyphenation

no li·a·bi·li·ty

Turkish pronunciation

nō layıbîlîti

Pronunciation

/ˈnō ˌlīəˈbələtē/ /ˈnoʊ ˌlaɪəˈbɪlɪtiː/

Videos

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