Advertising

Unlimited liability

• The condition imposed by a sole proprietorship (or general partnership) allowing the owner's total wealth to be taken to satisfy creditors.

• Full liability for the debt and other obligations of a legal entity. The general partners of a partnership have unlimited liability.

 
 Embedded terms in definition
 Debt
General partnership
General partner
Liability
Limited liability
Partnership
Sole proprietorship
 
 Related Terms
 Asset and liability management
Contingent pension liability
Liability
Liability funding strategies
Liability swap
Limited liability
Limited liability instrument
Unlimited funds

<< Unlimited funds Unmatched book >>

Multi-Tasking In Your 30s, 40s or 50s: Managing for today and saving for tomorrow, including a child's college expenses and your retirement More...

Power is the faculty or capacity to act, the strength and potency to accomplish something. It is the vital energy to make choices and decisions. It also includes the capacity to overcome deeply embedded habits and to cultivate higher, more effective ones. Stephen R. Covey

Advertising



Copyright 2009-2018 GVC. All rights reserved.