UNLIMITED LIABILITY Definition

Bookmark and Share

UNLIMITED LIABILITY is full liability for the debt and other obligations of a legal entity. The general partners of a partnership have unlimited liability.

Learn new Accounting Terms

SHIPPING DOCUMENT is a document prepared when goods are shipped. It lists the date shipped, the customer, method of shipment, and quantities and specifications of goods shipped.

EQUITY OFFERING see EQUITY CAPITAL.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.