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unlimited liability - translation to russian
COMPANY WHERE SHAREHOLDERS/MEMBERS HAVE UNLIMITED LEGAL LIABILITY
Unlimited liability; Unlimited liability company; Unlimited Company; Unlimited companies; Private unlimited company; Google Ireland Holdings Unlimited Co.
unlimited liability
неограниченная ответственность (акционера)
unlimited company
компания с неограниченной ответственностью
unlimited company
[эк.] компания с неограниченной ответственностью
Definition
Liable
·vt Bound or obliged in law or equity; responsible; answerable; as, the surety is liable for the debt of his principal.
II. Liable ·vt Exposed to a certain contingency or casualty, more or less probable;
- with to and an infinitive or noun; as, liable to slip; liable to accident.
Wikipedia
Unlimited company
An unlimited company or private unlimited company is a hybrid company (corporation) incorporated with or without a share capital (and similar to its limited company counterpart) but where the legal liability of the members or shareholders is not limited: that is, its members or shareholders have a joint and several non-limited obligation to meet any insufficiency in the assets of the company to enable settlement of any outstanding financial liability in the event of the company's formal liquidation.
Examples of use of unlimited liability
1. The Stockholm–based group said it lost the contracts to provide security services at several European airports because it refused to accept unlimited liability in the eventuality of terrorist attacks.
