Unlimited liability

 

 

 

Unlimited liability

 

Glossary of business

 

Definition of unlimited liability

 

Owners of a business may have to sell off some or all of their personal possessions to meet the debts of the business because there is no limit to the amount of claims that can be made against them. Sole traders and partnerships have unlimited liability.

 

Source : http://business-tes.wikispaces.com/file/view/Glossary.doc

link: http://business-tes.wikispaces.com/

Author : not indicated on the source document of the above text

 

Terminology about business

 

Job world

 

 

Definition and meaning of unlimited liability

 

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Meaning of unlimited liability

 

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What does unlimited liability mean ?

 

 

 

 

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