Unlimited liability

The financial definition for Unlimited liability:

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

Similar Matches

Unlimited marital deduction

Unlimited marital deduction
An Internal Revenue Service provision that allows an individual to transfer an unlimited amount of assets to a spouse, during life or at death, without incurring federal estate or gift tax.

Unlimited tax bond

Unlimited tax bond
A municipal bond secured by the pledge to levy taxes until full repayment at an unlimited rate.

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