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limited liability

n.
1.the liability of a firm's owners for no more than the capital they have invested in the firm

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Word of the Day

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    Idiom of the Day

    keep one's opinions to oneself
    to not give your opinion about something (especially when you disagree with others)
    I try to keep my opinions to myself when I talk to my father about the local government.



    1.
    The company fell heavily into ________ when it took on too many customers and offered them all cheap warranties.

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