| 词汇 | limited liability |
| 释义 | limited liability noun [ U ] business , law specialized /ˌlɪm.ɪ.tɪd laɪ.əˈbɪl.ə.ti/ /ˌlɪm.ɪ.t̬ɪd ˌlaɪ.əˈbɪl.ə.t̬i/ 有限责任制 a situation in which the owners or other shareholders of a company (= people who own shares in it) are not responsible for all of its debts if the company fails Under limited liability, shareholders can buy and sell shares without the approval of other owners. 在有限责任制下，股东可以在未经其他所有者批准的情况下买卖股份。 It is the nature of limited liability businesses to create conflicts of interest.
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